The Standard of Due Care to Which the Auditor Is

question 112

Multiple Choice

The standard of due care to which the auditor is expected to adhere to in the performance of the audit is referred to as the

• A) prudent person concept.
• B) common law doctrine.
• C) constructive care concept.
• D) vigilant person concept.

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Definitions:

Hunting

The practice of tracking and killing wild animals for food, recreation, or trade, often regulated by laws to ensure sustainable populations.

Gathering Societies

Communities that primarily subsist on gathering, hunting, and fishing, rather than agricultural or animal husbandry practices.

Bifurcated Consciousness

A term describing the internal conflict experienced by individuals who are forced to reconcile two drastically different perceptions or lived realities simultaneously.

Tertiary

Pertaining to the third level or stage, often used in the context of tertiary education (higher education) or the tertiary sector (services sector).