Which of the Following Is a Driver of Audit Quality

question 68

Multiple Choice

Which of the following is a driver of audit quality?

• A) Audit firm culture.
• B) Engagement team skills and attributes.
• C) Factors outside control of auditors.
• D) Investor requirements.
• E) A, B, and C only.

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Definitions:

Output

The final product or service produced from the input resources in a production process.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Production Function

An equation or graph that shows the maximum output that can be produced from a given set of inputs or resources, under certain conditions and technologies.

Returns To Scale

The rate at which production output increases as a result of proportional increases in all inputs.