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

question 5

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 company's accounting estimates.
• C) Evaluate the integrity of management.
• D) Inquire of the company's attorney as to whether any unrecorded claims are probable or asserted.

---

Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others.

Stereotypes

Oversimplified and generalized beliefs or ideas about a particular group of people.

Intercultural Communication

The exchange of information, ideas, and feelings across different cultures and social groups, emphasizing understanding and respect for diversity.

Interpretation of Time

How individuals or cultures understand and represent the concept of time, including its measurement and significance.