Which of the Following Is least Likely to Be Considered

question 42

Multiple Choice

Which of the following is least likely to be considered an appropriate response relating to risks the auditors identify at the financial statement level?

• A)Assign more experienced staff.
• B)Incorporate additional elements of unpredictability in the selection of audit procedures.
• C)Increase the scope of auditor procedures.
• D)Emphasize the need to remain neutral,rather than to exercise professional skepticism.

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Definitions:

Ability to Pay

A principle suggesting that those with greater financial resources should contribute more in taxes.

Economic Income

The total amount of monetary or other benefits received over a period, including wages, rents, interest, and profits, considering both realized and unrealized changes in value.

Taxable Income

The portion of an individual's or entity's income that is subject to taxation by the government after deductions and exemptions.

Oil Painting

A process of painting with pigments that are bound with a medium of drying oil, often used in artistic expressions.