Ordinarily, If You Are Auditing a Continuing Client, It Is

question 115

True/False

Ordinarily, if you are auditing a continuing client, it is unnecessary to test the accuracy objective or the classification objective for fixed assets acquired in prior years.

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Definitions:

Compulsive

Relating to behavior that is driven by an irresistible urge, often against one's conscious wishes.

Amnesic

Pertaining to amnesia, a condition characterized by loss of memory, often due to brain injury, disease, or psychological trauma.

Phobic

Exhibiting or pertaining to an extreme or irrational fear or aversion to a specific object, situation, or activity.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as a way to manage anxiety.