The Concept of Recognizes That a GAAS Audit May Fail

question 11

Multiple Choice

The concept of recognizes that a GAAS audit may fail to detect all material misstatements.

• A)Absolute assurance.
• B)Due care.
• C)Reasonable assurance.
• D)Risk of material misstatement.

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Definitions:

Programmers

are professionals who write, debug, and maintain the source code of computer programs.

Computer Programs

The sequences of instructions for the computer, which comprise software.

User Requirements

Specifications or conditions defined by users that a system, product, or service must meet to be considered satisfactory.

Economic Feasibility

Assessment of the financial aspects of a project or system to evaluate whether the projected benefits outweigh the costs, ensuring it is economically viable.