There Are a Number of Things That a Practising Auditor

question 38

Multiple Choice

There are a number of things that a practising auditor can do to reduce liability in lawsuits. One of them is to

• A) lobby for changes in laws.
• B) carry adequate insurance.
• C) establish peer-review requirements.
• D) revise auditing standards to meet the changing needs of society.

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Definitions:

Convergence

The process where two or more things come together to form a new whole or point, often used to describe the reduction of difference between technologies or merging of ideas.

Accommodation

In cognitive development, the process by which individuals modify their existing mental frameworks to incorporate new information.

Relative Size

A monocular cue in perception, suggesting that objects of larger size appear closer to the viewer, while smaller objects appear farther away.

Müller-Lyer Illusion

A visual illusion where two lines of the same length appear to be different lengths due to the orientation of arrow-like ends.