To Be Proficient as an Auditor, a Person Must First

question 53

Multiple Choice

To be proficient as an auditor, a person must first be able to accomplish which of these tasks in a decision-making process?

• A)Identify audit evidence relevant to the verification of assertions management makes in its unaudited financial statements and notes.
• B)Formulate evidence-gathering procedures (audit plan)designed to obtain sufficient, competent evidence about assertions management makes in financial statements and notes.
• C)Recognize the financial assertions made in management's financial statements and footnotes.
• D)Evaluate the evidence produced by the performance of procedures and decide whether management's assertions conform to generally accepted accounting principles and reality.

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Definitions:

Ethical Reasons

Motivations or considerations based on principles of right and wrong governing the conduct of individuals or groups.

Genes

The basic physical and functional units of heredity made up of DNA, responsible for guiding the development and functioning of all living organisms.

Manipulate

involves influencing or controlling someone or something to achieve a desired outcome, often without the awareness of those being influenced.

Parental Investment

The expenditure of resources, time, and energy by parents in their offspring to ensure survival, growth, and reproductive success.