The Process of the Auditor Forming an Opinion and Reporting

question 23

Multiple Choice

The process of the auditor forming an opinion and reporting on whether or not the accounts have been prepared in accordance with generally accepted accounting principles is technically termed as:

• A)External audit
• B)Internal audit
• C)Financial audit
• D)Attest service

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Definitions:

Punishment

An adverse event or outcome that decreases the likelihood of a behavior being repeated in the future.

Operant Conditioning

Learning resulting from the response an organism receives following a behavior.

Negative Reinforcement

A form of conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Law Of Effect

A principle in psychology that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.