Which of the Following Factors Most Likely Would Cause an Auditor

question 1

Multiple Choice

Which of the following factors most likely would cause an auditor not to accept a new audit engagement?

• A)An inadequate understanding of the entity's internal controls.
• B)The close proximity to the end of the entity's fiscal year.
• C)Concluding that the entity's management probably lacks integrity.
• D)The inability to perform preliminary analytical procedures before assessing control risk.

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Definitions:

Equilibrium Reaction

A chemical reaction in which the forward and reverse reactions occur at the same rate, so that the concentrations of the reactants and products do not change with time.

Equilibrium Constant

A numerical value that expresses the ratio of the concentrations of products and reactants of a chemical reaction at equilibrium.

HA

Often shorthand for hydroxyapatite, a mineral form of calcium apatite; can also refer to hyaluronic acid or other context-specific chemical compounds.

Equilibrium

A state in which opposing forces or influences are balanced, often used in chemistry to describe reactions where reactants and products are formed at the same rate.