In General,which of the Following Would an Auditor Not Typically

question 32

Multiple Choice

In general,which of the following would an auditor not typically perform as part of gaining an understanding of the client's controls?

• A)A walkthrough of the process.
• B)Inquiry.
• C)Observation.
• D)All of these are used to gain an understanding of the controls.

---

Definitions:

Corporate Office

The main or headquarters location of a company where key managerial and executive activities are conducted.

Shareholders Consent

The approval or agreement of shareholders, often required for significant corporate actions.

Self-Dealing

occurs when a person in a fiduciary position acts for their own benefit rather than for the benefit of the beneficiaries.

Prudent Business Judgment

Refers to making careful and sensible business decisions based on a thorough evaluation of risks and benefits.