When Positive Confirmations Have Been Used, It Is Normally Desirable

question 33

Multiple Choice

When positive confirmations have been used, it is normally desirable to account for unconfirmed balances with alternative procedures:

• A) even if the amounts are small.
• B) only if the amounts are large.
• C) only if the amounts are material.
• D) if it does not increase the audit firm's costs.

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Definitions:

Socialization Process

The method through which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization, influencing behavior and decision-making.

Diversity Management Programs

Programs aimed at fostering an inclusive workplace environment where differences among employees, such as cultural backgrounds and perspectives, are recognized and valued.

Mission Statement

A concise explanation of an organization's purpose and core values, typically outlining its objectives and approach to reach those objectives.