Which of the Following Statements Is Always True When an Auditor

question 23

Multiple Choice

Which of the following statements is always true when an auditor is planning a year-end audit?

• A)An engagement should not be accepted after the fiscal year-end.
• B)An inventory count must be observed at the balance sheet date.
• C)The client's audit committee should not be told of any specific audit procedures which will be performed.
• D)An audit plan should be developed that includes a time budget.

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Definitions:

Positive Reinforcement

A principle in behavioral psychology where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of that behavior being repeated in the future.

Salary Increases

The process of raising an employee's pay rate, typically based on factors like performance, inflation, and market rates.

Aspirational Reference Groups

Social groups that individuals aspire to join or emulate, influencing their choices and behaviors to align with perceived group norms.

Idealized Figures

Represent characters or personas that are exaggerated or perfect models of behavior, often emulated in advertising to influence consumer perceptions.