The External Audit Will Provide Reasonable Assurance That

question 19

Multiple Choice

The external audit will provide reasonable assurance that:

• A)transactions that occurred have been carried out efficiently and effectively
• B)assets and liabilities in the financial statements exist and transactions reported actually occurred
• C)assets listed are owned by the organisation and liabilities owed are repaid
• D)amounts on the financial statements have been calculated in accordance with company policies

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Definitions:

Fear Stimulus

Any object, situation, or event that elicits a fear response, either through learned experience or innate reaction.

Extinction Procedure

The process in conditioning where the conditioned stimulus is presented without the unconditioned stimulus, leading to a decrease in the conditioned response over time.

Verbal Punishment

A behavior modification technique involving the use of negative verbal feedback to decrease undesirable behaviors.

Particular Behaviors

Specific actions or reactions of an individual in response to external or internal stimuli.