To Support an Assessment That Control Risk Is Low,the Auditor

question 73

Multiple Choice

To support an assessment that control risk is low,the auditor of financial statements must:

• A)achieve the same conclusion after appropriately testing internal control.
• B)achieve the same conclusion after appropriately performing substantive procedures.
• C)perform increased substantive procedures in order to compensate for the lower rating.
• D)perform limited substantive procedures as the assessment is justified.

Understand the nature and types of attitudes related to prejudice.

Recognize the role of institutions like the Equal Employment Opportunity Commission in preventing discrimination.

Identify the negative impacts of stereotypes on diverse groups.

Distinguish between biases, discrimination, and stereotypes.

---

Definitions:

Mapping-Software

A type of software used to create digital maps, enabling the visualization of spatial information for analysis and planning.

Ratio of Benefits

A comparison that measures the relationship between the benefits achieved from an investment or action and the costs incurred.

Management Process

The systematic approach to achieving organizational goals through planning, organizing, leading, and controlling organizational resources.

Organizational Objectives

The specific, measurable goals that a company aims to achieve to fulfill its mission and progress towards its vision.