Which Type of Audit Report Is Considered a "Restricted Use

question 481

Multiple Choice

Which type of audit report is considered a "restricted use" report for its intended audience?

• A) SAS-70
• B) SSAE-16
• C) SOC Type 1
• D) SOC Type 2

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Definitions:

Individualistic Value Orientation

A cultural perspective in which the importance of the individual and individual rights are emphasized over group or collective considerations.

High Collectivism

A cultural orientation emphasizing strong loyalty to one's group and prioritizing group goals over individual interests.

Long-Term Orientation

A cultural or organizational perspective that emphasizes planning and investing in the future, valuing perseverance, and viewing change as evolutionary.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.