Which of the Following Is the Objective of an External

question 18

Multiple Choice

Which of the following is the objective of an external auditor?

• A) form an opinion on the overall financial statements taken as a whole
• B) capture and record all economic transactions of the organization
• C) ensure compliance with policy and procedures; offer recommendations for improvement of internal controls
• D) address a specific question/issue

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Definitions:

Matching Law

A principle stating that the proportion of responses on a particular schedule matches the proportion of reinforcements obtained on that schedule.

Maximizing Law

The principle that organisms will choose behaviors that maximize rewards and minimize penalties under conditions of uncertainty.

Blisspoint

The optimal level of satisfaction or happiness an individual achieves from a specific action or set of circumstances, often used in consumer behavior studies.

Respond

To react or reply to something, typically as a result of external stimuli.