The Auditor Should Have a Sound Basis,supported by Objective Evidence,regarding

question 80

Multiple Choice

The auditor should have a sound basis,supported by objective evidence,regarding accounting estimates and should not fall victim to an "all estimates are subjective" argument in order to waive which of the following?

• A)Contingent liability.
• B)Material misstatements.
• C)Unrecorded liability.
• D)Material adjustments.

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Definitions:

Action/Willpower Stage

A stage in behavior change models focusing on the active effort to modify a habit or behavior through determination and self-control.

Preparation/Determination Stage

A phase in the Transtheoretical Model of change where individuals intend to take action to address a behavior or issue within the next 30 days.

Stage-Matched Intervention

A strategy in health and psychology that tailors treatment to the individual’s readiness to make a change.

Precontemplation Stage

The stage of the Stages of Change model where an individual is not yet considering change or is unaware of the need for change.