The Auditor's Job Is to Believe Statements Made by Management

question 81

Multiple Choice

The auditor's job is to believe statements made by management

• A)as long as there is no contradictory evidence
• B)if the cost of obtaining the evidence to support the statement is too great
• C)only if the evidence supports the statement
• D)never believe statements made by management
• E)when they trust management

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Definitions:

Third Heart Sound

A very low-frequency heart sound that can be an indication of various heart conditions, often associated with heart failure.

Semilunar Valves

Valves in the heart that prevent the backflow of blood and are located between the ventricles and the major arteries.

AV Valves

The atrioventricular valves in the heart, which include the mitral valve and the tricuspid valve, regulating blood flow from the atria to the ventricles.

Efferent

Referring to the conduction of signals away from a central structure or organ, particularly in relation to nerve fibers transmitting impulses from the central nervous system to the periphery.