External Financial Statement Auditors Must Obtain Evidence Regarding What Attributes

question 132

Multiple Choice

External financial statement auditors must obtain evidence regarding what attributes of an internal audit (IA) department if the external auditors intend to rely on IA's work?

• A) integrity
• B) objectivity
• C) competence
• D) all of the above

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Definitions:

Leon Festinger

Leon Festinger was a prominent psychologist best known for developing the theory of cognitive dissonance, which explores the tension that arises from holding conflicting beliefs or attitudes.

Albert Bandura

A psychologist known for his work on social cognitive theory and the concept of self-efficacy.

Martin Seligman

An American psychologist known for his work on the theory of learned helplessness and his contributions to positive psychology, focusing on character strengths and well-being.

Self-discrepancy

The gap between one's actual self and their ideal or ought self, which can lead to feelings of dissatisfaction or discomfort.