If a Specialist Is Used by Client Management to Value

question 65

Multiple Choice

If a specialist is used by client management to value the assets of the target company,the auditor will most likely evaluate all of the following characteristics of the expert,except for which of the following?

• A)fees and billings.
• B)credentials.
• C)methodologies.
• D)independence.

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Definitions:

Creating A Schema

The process of forming a mental structure or framework to understand and organize information, aiding in perception, interpretation, and the recall of experiences and knowledge.

Knowledge

The information, understanding, and skills acquired through experience or education.

Skills Approach

A perspective in management and leadership that emphasizes the importance of developing specific abilities and competencies.

Strengths And Weaknesses

The positive attributes and areas for improvement that an individual or organization possesses, relevant to achieving goals or tasks.