During the First Phase of an Audit,a CPA Most Likely

question 18

Multiple Choice

During the first phase of an audit,a CPA most likely would

• A) Identify specific internal control activities that are likely to prevent fraud.
• B) Evaluate the reasonableness of the client's accounting estimates.
• C) Evaluate the integrity of management.
• D) Inquire of the client's attorney as to whether any unrecorded claims are probable or asserted.

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Definitions:

Organisation for Economic Co-operation and Development

An international organization that works to build better policies for better lives, focusing on economic progress and world trade.

Integrated Management Program

A coordinated approach to planning, executing, and evaluating projects or operations across multiple sectors or disciplines.

Environmentally-friendly

Practices or products that have minimal impact on the environment and contribute to ecological balance.

Climate change

Long-term alterations in temperature, precipitation, and other atmospheric conditions on Earth, largely driven by human activities.