Which of the Following Is Not a Consideration for an Auditor

question 22

Multiple Choice

Which of the following is not a consideration for an auditor while "scaling" the audit?

• A) The client company has multiple locations throughout the region.
• B) Another firm is responsible for auditing one of the client's out-of-town subsidiaries.
• C) An outside service provider prepares all of the client company's payroll accounting records.
• D) The client company plans to hire and develop employees so that it can prepare its payroll accounting records in-house within the next two years.

Understand and analyze the distribution of data including skewness and gaps.

Compare and contrast distributions using graphical representations.

Identify outliers and understand their impact on data interpretation.

Analyze real-world data to draw conclusions about populations or trends.

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Definitions:

ITQs

Individual Transferable Quotas; a tool used in environmental management and fisheries, setting a total allowable catch to help prevent overfishing.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, notable for its bright red flesh and significant role in both commercial fishing and ecological health.

Market Price

The current price at which a good or service can be bought or sold in the market, determined by the forces of supply and demand.

Fishery

An area with a natural or artificial population of aquatic life that is used for fishing purposes.