Significant Findings Are to Be Documented by the Auditor,including Actions

question 92

Multiple Choice

Significant findings are to be documented by the auditor,including actions taken to address them and the basis for the final conclusion reached.Findings that might be significant include

• A)accounting for complex or unusual assertions or accounting predictions
• B)results of audit procedures indicating that the financial statements or disclosure are not misstated or the need for an auditor to revise his previous assessment of the risk of misstatement
• C)circumstances that made it difficult for the auditor to apply auditing procedures
• D)findings that could result in modifications to the auditor's report
• E)adjustments that the auditor has made to the financial statements
• F)both A and B
• G)both C and D

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Definitions:

Extreme Attitudes

Strongly held beliefs or opinions that are at the far end of a spectrum and may provoke polarization or conflict.

Affective Commitment

Refers to the emotional attachment an employee feels towards their organization, driving loyalty and continued employment.

Organizational Welfare

The overall health, safety, and well-being of an organization's employees, often encompassing initiatives aimed at promoting a positive work environment.

Emotional Dissonance

The conflict between experienced emotions and emotions that are expressed or shown to conform to social norms or job requirements.