Which of the Following Statements Best Describes Auditors' Responsibility for Detecting

question 16

Multiple Choice

Which of the following statements best describes auditors' responsibility for detecting a client's noncompliance with a law or regulation?

• A) The responsibility for detecting noncompliance exactly parallels the responsibility for errors and fraud.
• B) Auditors must design tests to detect all material noncompliance that indirectly affect the financial statements.
• C) Auditors must design tests to obtain reasonable assurance that all noncompliance with direct material statement effects are detected.
• D) Auditors must design tests to detect all noncompliance that directly affect the financial statements.

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Definitions:

Neural Network

A computing system designed to simulate the way the human brain analyzes and processes information, used in machine learning.

Counts of Resolution

Typically refers to the number of discrete values or steps a sensor or measurement system can distinguish, affecting the accuracy and precision of data.

DMM

Digital Multimeter, an instrument used to measure electrical values such as voltage, current, and resistance, crucial for diagnosing electrical problems.

Resolution

Resolution refers to the smallest measurable change that an instrument can detect or the degree of detail visible in an image.