An Important Method Used by Auditors to Learn of Material

question 29

Multiple Choice

An important method used by auditors to learn of material contingencies is

• A)Examining documents in the client's possession concerning contingencies.
• B)Inquiring and discussing them with management.
• C)Obtaining responses to an attorney letter.
• D)Confirming accounts receivable with the client's customers.

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Definitions:

Elements

Substances consisting of atoms with the same number of protons, categorized in the periodic table.

Satisfaction

The feeling of fulfillment or pleasure derived from achieving one's goals or fulfilling one's needs.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Employee Absenteeism

The habitual non-presence of an employee at their job without valid reason, which can affect productivity and workload distribution.