Consider the Independent Statements Below

question 38

Essay

Consider the independent statements below.Organize them in three groups based on the generally accepted auditing standards discussed in the text; also indicate the name of each group based on the standards.1) Bradley completed a continuing education program on auditing mortgage companies.2) Cameron completed a risk/control matrix as part of an audit.3) Elijah determined that a client's financial statements were fairly presented in accordance with GAAP.4) Elizabeth noted that footnotes to the financial statements needed some improvement.5) Jessica reviewed the background and experience of auditors in her firm as part of developing an audit team.6) Luke refused to accept an audit engagement because his friend was CEO of the company.7) Milton e-mailed an audit client's vendors to help determine the client's accounts payable balances.8) Owen, the manager of an audit team, reviewed the work of inexperienced auditors closely.9) Ryan prepared a disclaimer of report on an audit client's financial statements.10) Sandra explained a change between the applications of GAAP in two successive years.

---

Definitions:

Psychosexual Development

Freud's theory suggesting human personality development occurs through stages during childhood, each characterized by sexual pleasure in parts of the body.

Freudian Theory

Freudian Theory proposes that human behavior is influenced by unconscious desires, memories, and conflicts.

Electra Complex

A psychoanalytic theory that describes a girl's sense of competition with her mother for the affection of her father.

Freudian Concept

Ideas and theories developed by Sigmund Freud that emphasize the influence of the unconscious mind on behavior.