An Independent Auditor Might Consider the Procedures Performed by the Internal

question 42

Multiple Choice

An independent auditor might consider the procedures performed by the internal auditors because

• A) They are employees whose work must be reviewed during substantive testing.
• B) They are employees whose work might be relied upon.
• C) Their work impacts the cost/benefit tradeoff in evaluating inherent limitations.
• D) Their degree of independence may be inferred by the nature of their work.

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Definitions:

Jurisdiction

The official power or legal authority to make decisions and judgments, often defined by geographic area or specific types of cases.

Compilation

The act of collecting information or documents from various sources and assembling them into a single, comprehensive document or collection.

Topic

A subject or matter dealt with in a text, discussion, or area of interest.

Treatises

Comprehensive written works on specific legal topics, offering detailed and scholarly analysis.