The First General Standard of the PCAOB Requires That an Audit

question 56

Multiple Choice

The first general standard of the PCAOB requires that an audit be performed by which type of person?

• A) An auditor with seasoned judgment in varying degrees of supervision and review.
• B) An auditor with appropriate technical training and proficiency.
• C) An auditor with adequate knowledge of the standards of field work and reporting.
• D) An auditor satisfying the independence standards.

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Definitions:

Distributional Errors

Definition: Mistakes that occur when evaluating employee performance, typically involving the incorrect application of a uniform distribution across performance categories.

Contrast Errors

Mistakes made in evaluating performance where an employee's assessment is unfairly influenced by the comparison with another’s performance.

Rating Scale

A system or tool used for evaluating or assessing performance, quality, or satisfaction across a defined range.

Political Behavior

Activities within an organization that are aimed at using power or authority to influence decisions or gain advantage.