What Is a Potential Risk of Under-Auditing

question 65

Multiple Choice

What is a potential risk of under-auditing?

• A) It exposes the audit firm to loss of professional reputation.
• B) An audit may be assessed incorrectly.
• C) Control risk may be assessed inappropriately.
• D) Insufficient evidence may have been allocated to the audit.

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Definitions:

Cognitive Modeling

The process of creating a computational model to simulate human thought processes, often used in artificial intelligence and psychology to study cognition.

Unconditional Positive Regard

A concept in client-centered therapy that involves showing complete support and acceptance of a person no matter what that person says or does.

Fully Functioning

A state where an individual operates at their optimal level, emotionally, psychologically, and physically.

Rogers

Refers to Carl Rogers, a prominent psychologist known for developing the person-centered approach to therapy, emphasizing the importance of an individual's self-concept and unconditional positive regard.