Which of the Following Is the First Task That the Auditor

question 25

Multiple Choice

Which of the following is the first task that the auditor must accomplish to demonstrate proficiency in auditing?

• A)Identify the evidence relevant for the audit of assertions that are made by management in its unaudited financial statements and notes.
• B)Design an audit program to obtain sufficient appropriate evidence about assertions management makes in financial statements and notes.
• C)Recognize the underlying assertions made by management in the financial statements and notes.
• D)Evaluate the evidence gathered in the performance of the audit program and decide whether management's assertions conform to generally accepted accounting principles and reality.

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Definitions:

Workforce

The collective group of individuals who are engaged in work or are available for work, including both employees and the unemployed.

Downsizing

The process of reducing the number of employees in an organization, usually to cut costs or adjust to a smaller market demand.

Outsourcing

Contracting tasks to outside agencies or persons.

Employee Relations

The management and maintenance of the relationship between an organization and its employees, focusing on communication, conflict resolution, and employee satisfaction.