Which of the Following Actions Is the Most Likely First

question 43

Multiple Choice

Which of the following actions is the most likely first step that an auditor will perform after accepting an initial audit engagement?

• A)Prepare a rough draft of the financial report and the auditor's report.
• B)Assess control risk for the assertions embodied in the financial report.
• C)Tour the client's facilities and review the general records.
• D)Consult with and review the work of the previous auditor prior to discussing the engagement with the client management.

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Definitions:

Cognitive Therapy

A type of psychotherapy based on modifying dysfunctional emotions, behaviors, and thoughts through systematic logical-reasoning.

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through reinforcement strategies.

Family Therapy

A form of psychotherapy that involves treating family problems by focusing on family dynamics and relationships as a way to improve psychological health.

Fundamental Assumption

A basic principle or belief that is accepted without proof and is foundational for a theoretical framework or system.