PCAOB Auditing Standard No

question 27

Multiple Choice

PCAOB Auditing Standard No. 3 AS3, Audit Documentation, requires that audit engagement documentation should include a list of all EXCEPT:

• A)significant fraud risk factors.
• B)the auditor’s response.
• C)the results of the auditor’s related procedures.
• D)List of the internal controls.

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Definitions:

Self-actualization

The achievement of fulfilling one's abilities and possibilities, seen as an inherent motivation or necessity found in all individuals.

Impulse Control

The ability to resist or delay an immediate response or desire.

Resilience

The capacity to recover quickly from difficulties; toughness and the ability to bounce back from adversity.

Self-regard

An individual's perception, understanding, and respect for themselves, contributing to their self-esteem and confidence.