Auditors Have Found That Generally the Most Efficient and Effective

question 76

Multiple Choice

Auditors have found that generally the most efficient and effective way to conduct audits is to

• A) obtain complete assurance about the correctness of each class of transactions affecting the account.
• B) obtain some combination of assurance for each class of transactions and for the ending balance in the related accounts.
• C) obtain assurance about the ending balance of the account only.
• D) verify each entry that was made into an account.

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Definitions:

Time-Out

A disciplinary technique used to remove a child from an environment where inappropriate behavior has occurred, giving them time to calm down and reflect on their actions.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Permissive

Refers to a lenient or liberal attitude, especially in the context of rules and disciplinary actions, favoring more freedom than restriction.

Authoritative Parents

A parenting style characterized by high demands and high responsiveness, where parents set clear standards but also respect their children’s autonomy.