Which of the Following Is a Correct Statement

question 3

Multiple Choice

Which of the following is a correct statement?

• A)The audit risk model helps in evaluating results.
• B)Special care must be exercised when the auditor decides on the basis of accumulated evidence that the original assessment of control risk was understated.
• C)The auditor violates due care if he knows that the original assessment of audit risk is inappropriate and he fails to change it.
• D)Performance materiality is part of the audit risk model.

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Definitions:

Managing

The act of directing and controlling a group or organization to achieve specific objectives.

Empowers Others

Inspiring and enabling individuals to gain control over their lives, make decisions, and take action.

Behavior Theories

Refer to the frameworks used to understand, explain, and predict human behavior in various contexts, incorporating principles from psychology, sociology, and anthropology.

Task

A specific duty or responsibility assigned to a person or team.