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.

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Definitions:

Excitation Reaction

A physiological response that increases the activity or efficiency of a part of the body or brain.

Receptor Sites

Specific regions on the surface of a cell where molecules such as neurotransmitters can bind to initiate a cellular response.

Agonist

A substance that fully activates the receptor it binds to, producing a full biological response.

Antagonist

In physiology, a muscle that acts in opposition to the action of another muscle, called the agonist; in pharmacology, a substance that inhibits the action of another substance.