The Term Audit Objective Refers to All of the Following

question 55

Multiple Choice

The term audit objective refers to all of the following except for

• A) transaction-related audit objectives.
• B) presentation and disclosure-related audit objectives.
• C) balance-related audit objectives.
• D) cycle-related audit objectives.

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Definitions:

Literacy

The ability to read, write, and understand text, as well as to engage with and interpret written materials.

Reliability Estimates

Measures or indicators of the consistency or stability of a test, scale, or measurement instrument over time.

Standard Deviation

A measure of variability that describes how scores vary around the mean. In all normal curves the percentage of scores between standard deviation units are the same; hence, the standard deviation combined with the mean can tell us a great deal about a set of test scores.

Percentile Score

A score indicating the percentage of scores in a distribution that a specific score is equal to or higher than.