What Is the Primary Resource Used on an Audit Engagement

question 55

Multiple Choice

What is the primary resource used on an audit engagement?

• A) the client's IT systems
• B) the auditor's IT systems
• C) human resources of the audit firm
• D) the client's internal auditors

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Definitions:

Laissez-Faire

An economic theory advocating minimal government intervention in the affairs of private businesses and individuals.

Moralizing

The act of expressing or teaching moral values, often involving making judgments about what is right or wrong behavior and imposing these standards on others.

Punishment

A consequence applied with the intention of reducing or eliminating an unwanted behavior, often employed in legal and educational contexts.

Deontological Theory

An ethical theory that emphasizes duty, rules, and the inherent rightness or wrongness of actions, regardless of the consequences.