The Audit Program for Most Audits Is Designed in Three

question 3

Multiple Choice

The audit program for most audits is designed in three parts.These parts are

• A)risk assessment procedures,tests of controls,and tests of details.
• B)risk assessment procedures,analytical procedures,and tests of details.
• C)obtaining an understanding of internal controls,analytical procedures,and tests of details.
• D)tests of controls,analytical procedures,and tests of details of balances.

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Definitions:

Asch's Studies

A series of experiments conducted by Solomon Asch that demonstrated the impact of group pressure on conformity.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Objective Right

A principle or standard of behavior that is universally accepted as correct or moral, independent of individual thought or opinion.

Ambiguity

The quality of being open to more than one interpretation; inexactness.