One of the Reasons That an Auditor Must Be Competent

question 70

Multiple Choice

One of the reasons that an auditor must be competent is so that they can

• A)understand the engagement risks and the criteria used by the client.
• B)explain to staff how the bookkeeping should be done.
• C)record the transactions properly for the underlying records.
• D)capture the information properly in the computer files.

Comprehend the application of industry standards and benchmarking in job performance evaluation.

Understand how job specifications and competencies are defined and utilized within organizations.

Learn about the role of competency matrices and the National Occupational Classification in job analysis.

Understand the implications of job design on employee tasks, training needs, and task identity.

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Definitions:

Employment-At-Will Rule

The legal doctrine that an employment relationship can be ended by either the employer or the employee at any time without cause.

Employee-Employer Relationship

The formal association between an employer and their employee, characterized by the employer's control and the employee's submission to work for pay.

Indefinite Term

A contract or agreement duration that is not specified or fixed, potentially extending indefinitely.

Oppressive Child Labor

employment practices that are detrimental to the physical and mental development of children, often violating laws and regulations designed to protect them.