During the Course of the Audit,the Auditor Should Continually Gather

question 36

True/False

During the course of the audit,the auditor should continually gather and update information on business risk,including the identification of any fraud risk factors noted during preliminary audit planning.

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Definitions:

Unpleasant Consequence

A negative result or effect that follows an action or decision, often serving as a deterrent for certain behaviors.

Punishment

The imposition of a penalty as a response to an offense or undesirable behavior, aiming to correct or deter such actions.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

Pleasant Consequence

A positive outcome or reward that follows a desired behavior, often used in reinforcing such behavior.