An Audit Is Useful to Financial Statement Users Because It

question 49

Multiple Choice

An audit is useful to financial statement users because it

• A)Guarantees that the financial statements are accurate and correct.
• B)Guarantees that management has not been involved in misappropriation of assets.
• C)Provides reasonable assurance that the financial statements do not have material misstatements.
• D)Assures users that confidentiality is maintained.

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Definitions:

Active Listening

A communication technique involving fully concentrating on what is being said rather than just passively hearing the message.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy in therapy.

Mary Cover Jones

An early psychologist known for her work in behavior therapy and her experiment on desensitizing a child's fear of rabbits, contributing to the development of counterconditioning techniques.

Psychoanalysis

A set of psychological and psychotherapeutic theories and methods, originated by Sigmund Freud, emphasizing unconscious motivations and conflicts.