The Final Phase of an Audit Includes Which of the Following

question 22

Multiple Choice

The final phase of an audit includes which of the following:

• A)confirming the terms of the audit engagement with the auditor.
• B)performing substantive tests of account balances.
• C)gaining an understanding of the client's internal control system.
• D)determining whether the audit evidence obtained is sufficient and appropriate to reduce the risk of material misstatements in the financial report to an acceptably low level.

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Definitions:

Politicking

The act of engaging in political tactics or maneuvering, often with a negative connotation of scheming for personal gain.

Effectiveness

The degree to which something achieves its intended outcome or results.

Effective Politic

Strategies or practices within organizational or government contexts that are successful in achieving desired outcomes through the use of influence, negotiation, and alliances.

Impulsive

Acting or done without forethought; driven by momentary desires or whims.