Auditors Should Obtain Copies of the Client's Code of Ethics

question 163

True/False

Auditors should obtain copies of the client's code of ethics and minutes of the meetings of the board of directors to aid in their understanding of the company's management and governance structure.

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Definitions:

Perceptual Process

The cognitive operation that enables an individual to interpret and organize sensory information to understand their environment.

Friendly Gesture

An action or sign showing friendliness or goodwill towards others.

Reality

The state of things as they actually exist, as opposed to how they may appear or may be imagined.

Motion

The act or process of changing position or place.