The Text Described Seven Types of Audits Common in Accounting

question 16

Multiple Choice

The text described seven types of audits common in accounting practice.Which of the following statements about them is most true?

• A)Every audit involves some form of information technology.
• B)Most audits involve some form of human judgment.
• C)Both every audit involves some form of information technology and most audits involve some form of human judgment are true.
• D)Neither every audit involves some form of information technology nor most audits involve some form of human judgment is true.

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Definitions:

Guardian Ad Litem

A legal advocate appointed to represent the best interests of a child or incapacitated adult during court proceedings.

Child Advocate

An individual acting to support, protect, and promote the rights and well-being of children, especially in legal or social service contexts.

Adjudication System

The organized set of procedures and personnel involved in adjudicating disputes or legal cases.

Mediation

Mediation is a conflict resolution process in which a neutral third party assists disputing parties in finding a mutually acceptable agreement.