The Auditor Should Complete the Assembly of the Final Audit

question 14

Multiple Choice

The auditor should complete the assembly of the final audit file within 45 days of the report release date (60 days for private companies) .After the 45/60 day time period

• A)the auditor should not delete or discard any information from the file
• B)new information can be added if necessary if accompanied by management's explanation for the addition
• C)new information can be added if necessary if accompanied by the reissuance of the audit report
• D)new information can be added if necessary if accompanied by the effect of the new information on the auditor's conclusions
• E)new information can be added if necessary if the information was inadvertently omitted during the course of the audit
• F)both A and B
• G)both A and D

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Definitions:

Criterion Contamination

When performance evaluation measures include factors irrelevant to the actual job performance, potentially leading to inaccurate assessments.

Reliability

The degree to which interviews, tests, and other selection procedures yield comparable data over time

Performance Standards

The expected levels of performance or benchmarks that a job, employee, or organization is expected to achieve.

Measurable Standards

Benchmarks or criteria that can be quantified to evaluate performance or progress towards specific objectives.