The Use of the Term "Reasonable Assurance" Is Intended to Indicate

question 46

Multiple Choice

The use of the term "reasonable assurance" is intended to indicate that an audit cannot be expected to

• A)completely eliminate the possibility that a material error or fraud exists.
• B)consider or search for minor errors.
• C)be compliant with the generally accepted accounting principles for every account.
• D)provide assurance of no material errors or irregularities to investors who are using the financial statements for investment decisions.

---

Definitions:

Observable Organizational Culture

Aspects of an organization's culture that can be seen or experienced directly, such as rituals, ceremonies, and everyday behaviors.

Nonverbal Expressions

Methods of conveying messages and emotions without the use of spoken words, including facial expressions, gestures, and body posture.

Observable Culture

The elements of culture such as rituals, symbols, and behaviors that can be seen and experienced in an organization.

Core Values

Fundamental beliefs or principles that guide the behavior and decision-making within an organization.