A Major Means by Which an Auditor Obtains Evidence About

question 10

Multiple Choice

A major means by which an auditor obtains evidence about material contingencies is ________.

• A)examining documents in the client's possession concerning contingencies
• B)enquiring and discussing them with management
• C)obtaining a response from the client's lawyer to the client's letter of enquiry
• D)reading minutes of shareholders' meeting

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Definitions:

Blame-Free Environment

A work or organizational culture that focuses on learning and correcting issues without assigning blame to individuals, encouraging open communication and continuous improvement.

Founders

Individuals who establish a business or organization, often contributing the initial vision and resources.

Angela Lee Duckworth

A psychologist known for her research on grit and self-control, emphasizing their importance in achieving success.

Grit

Persistent determination and resilience in pursuing long-term goals, despite obstacles or setbacks.