What Is One of the First Things That an Auditor

question 5

Multiple Choice

What is one of the first things that an auditor would do upon discovering an illegal act at an audit client?

• A)resign from the audit
• B)inform the Board of Directors
• C)consult with a lawyer
• D)call the police

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Definitions:

TRIN Statistic

A technical analysis indicator known as the TRading INdex (TRIN), which compares the number of advancing and declining stocks to their respective volume, aiming to gauge overall market sentiment.

Bearish Signal

An indication in technical analysis or market behavior suggesting that the price of an asset is likely to decline.

Bullish Signal

An indicator suggesting that the price of an asset is likely to increase, often leading investors to buy or hold positions.

Relative Strength

A momentum investing technique comparing the performance of a stock or asset to that of a broader market index to gauge its strength.