When an Auditor Reviews the Financial Statements to Determine If

question 87

True/False

When an auditor reviews the financial statements to determine if assets are properly classified between current and noncurrent,he is satisfying the audit objective of occurrence and rights and obligations.

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Definitions:

Locus Of Control

Locus of Control is a psychological concept that describes the extent to which individuals believe they have power over the events in their lives, traditionally classified as either internal or external.

Behavior Potential

The likelihood of expressing a particular behavior in a specific situation, dependent on the reinforcement of the behavior.

Reinforcement

In behaviorism, a stimulus that increases the likelihood of a behavior being repeated.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which in turn increases or decreases the likelihood of that behavior being repeated.