Which One of the Following Statements Is False

question 68

Multiple Choice

Which one of the following statements is false?

• A) Auditing includes the process of gathering evidence to test assertions.
• B) No general audit program suits the needs for all situations.
• C) Even though all audits are different, they can all be approached in the same manner.
• D) All audits involve testing management's assertions contained in written communications to another party and independently gathering evidence to test the relevant assertions.

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Definitions:

Unilateral Contract

A contract in which one party makes a promise in exchange for the other party's performance, rather than a promise in return.

Counter-Offer

A proposal made as a response to an offer, which negates the original offer and suggests new terms for an agreement.

Revocation

The official cancellation or withdrawal of an offer, license, or agreement.

Unilateral Contract

A binding agreement in which one party promises to do something in return for an act of the other party, rather than a promise.