What Reason Has Been Given to Explain the Lack of Well-Developed

question 21

Multiple Choice

What reason has been given to explain the lack of well-developed auditing professions in less-developed economies?

• A)inability to train auditors given the lack of educational systems
• B)Since investors are not major players in these economies,there is little need for audited financial statements.
• C)Investors and creditors in these countries do not want external auditors attesting to financial statement reliability.
• D)In these cultures,financial statements are presumed to be accurate and therefore do not require independent audits.

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Definitions:

Artificial Intelligence

A branch of computer science dealing with the simulation of intelligent behavior in computers.

Sternberg's Triarchic Theory

A theory of intelligence proposing that human intelligence comprises three aspects: analytical, creative, and practical intelligence.

Twin Study

A research method used in psychology and genetics to compare the influence of genetics versus environment on individual traits and behaviors by studying twins.

Nonhuman Animals

Living beings from the animal kingdom that do not belong to the species Homo sapiens.