According to the AICPA,which of the Following Is Not a Safeguard

question 34

Multiple Choice

According to the AICPA,which of the following is not a safeguard to the auditing profession?

• A)Education.
• B)Professional standards.
• C)External reviews.
• D)Legislation concerning competency requirements.

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Definitions:

Flawed Theory

A concept or idea that contains mistakes or inaccuracies, making it unreliable or incorrect in its application or conclusion.

Desired Outcome

The specific result or goal that an individual or organization aims to achieve through actions or interventions.

High Unemployment

A situation in an economy where the unemployment rate is significantly higher than the historical average.

High Inflation

High inflation is a condition where the general price level of goods and services in an economy rises rapidly over a period, eroding purchasing power.