During the Initial Planning Phase of an Audit, a CPA

question 50

Multiple Choice

During the initial planning phase of an audit, a CPA most likely would:

• A)identify specific internal control activities that are likely to prevent fraud.
• B)evaluate the reasonableness of the client's accounting estimates.
• C)discuss the timing of the audit procedures with the client's management.
• D)inquire of the client's attorney as to any unrecorded claims.

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Definitions:

Lecture Method

A traditional teaching approach where an instructor delivers information directly to learners in a one-way communication mode.

Learning Styles

The preferred modes or methods by which individuals absorb, process, and retain new information.

Skills

The ability to perform tasks and solve problems due to knowledge and practice.

Corporate Trainer

A professional responsible for designing and delivering training programs within corporations to improve skills and knowledge.