Audit Standard No

question 70

Multiple Choice

Audit Standard No.5 by the PCAOB encourages the external auditor to utilize the work of which of the following?

• A)experts.
• B)internal auditors.
• C)independent valuation professionals.
• D)internal officers of the company.

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Definitions:

Family Dentist

A family dentist specializes in providing comprehensive dental care for individuals of all ages within a family, focusing on a wide range of dental services.

Consumers

Individuals who purchase goods and services for personal use.

Universal Set

In mathematics, it is the set that contains all objects or elements under consideration, typically within a particular discussion or problem.

Retrieval Set

A subset of brands or products that a consumer can readily bring to mind from memory when considering a purchase decision in a particular category.