Misstatements in the Financial Statement May Not Be Detected with the Increased

question 94

Multiple Choice

Misstatements in the financial statement may not be detected with the increased use of IT due to: I.the loss of a visible audit trail.
II) reduced human involvement.

• A)I only
• B)II only
• C)both I and II
• D)neither I or II

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Definitions:

Oedipus Complex

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Phallic Stage

Freudian concept indicating the third stage of child psychosexual development, where the libido (sexual energy) focuses on genital organs.

Freud

Sigmund Freud, originating from Austria and a neurologist by profession, introduced the concept of psychoanalysis, which involves treating mental health issues via dialogue with a psychoanalyst.

Psychosexual Stages

A central element of Freudian theory positing that individual personality development occurs through five stages (oral, anal, phallic, latency, genital) from infancy to adulthood, each focusing on sexual pleasure from different body areas.