Which of the Following Parties Has the Responsibility for Designing

question 146

Multiple Choice

Which of the following parties has the responsibility for designing and maintaining policies and procedures to identify,evaluate,and account for contingencies?

• A)Management.
• B)The auditor.
• C)The audit committee.
• D)The client's attorney.

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Definitions:

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.

Hostility

An emotion or behavior characterized by anger, unfriendliness, or opposition towards others.

Defense Mechanism

Unconscious tactics employed to shield oneself from the distress caused by undesirable thoughts or emotions.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.