Matthias Holewsky Was Explaining How Important It Was for His

question 20

Multiple Choice

Matthias Holewsky was explaining how important it was for his staff to use analytical procedures in order to cut down on substantive testing. He mentioned two factors that he felt
Were important when conducting analytical procedures:
(i) reliability of client data
(ii) the ability to make comparisons over time
Which of these two factors can help him achieve his objective?

• A) (i)
• B) (ii)
• C) (i) and (ii)
• D) neither (i) nor (ii)

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Definitions:

Psychological States

Conditions of the mind that impact feelings, thoughts, and behavior, varying from moment to moment.

Efficiency

Achieving maximal output with minimal input.

Task Specialization

The process of dividing work into smaller tasks that are completed by workers who specialize in those tasks.

Worldwide Competition

The phenomenon where businesses or economies compete with each other across international borders for market share, resources, and talent.