One of the Components That a Nation Must Have to Effectively

question 37

Multiple Choice

One of the components that a nation must have to effectively apply international standards is quality auditing. Which of the following statements about auditing is true?

• A)Audit quality is consistently high around the world due to the implementation of International Auditing Standards.
• B)Most audits around the world are conducted by the Big Four, which ensures consistency.
• C)Audit quality is consistent around the world as smaller countries import well-educated auditors to ensure expertise.
• D)Audit quality is inconsistent around the world.

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Definitions:

Taboos

Are the strongest norms. When someone violates a taboo, it causes revulsion in the community and punishment is severe.

Beliefs

Are cultural statements that define what community members consider real.

Norms

Socially accepted rules or standards that govern behavior within a group or society, shaping expectations and interactions.

Values

are ideas about what is good and bad, right and wrong.