In Practice, Auditors Rarely Assign Numerical Probabilities to Inherent Risk

question 43

Essay

In practice, auditors rarely assign numerical probabilities to inherent risk, control risk, or acceptable audit risk. It is more common to assess these risks as high, medium, or low. For each of the four situations below, fill in the blanks for planned detection risk and the amount of evidence you would plan to gather ("planned evidence") using the terms high, medium, or low.

Compare and contrast the assumptions of psychoanalysis and client-centered therapy.

Describe cognitive biases in depression according to Aaron Beck.

Compare and contrast the use of token economy and contingency management in therapy.

Differentiate between the assumptions of behavior therapy and cognitive therapy.

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Definitions:

Multi-axial Diagnosis

A systematic method of diagnosis in the field of psychiatry that considers a wide range of factors in patient assessment, typically involving an assessment on several axes or dimensions of functioning.

APA Diagnostic

A reference to the diagnostic criteria and classifications found in the American Psychological Association's Diagnostic and Statistical Manual of Mental Disorders.

Statistical Manual

A handbook or guide containing the principles, methods, and standards for statistical data collection, analysis, and presentation.

Federal and State Laws

Regulations and statutes enacted by federal and state governments to govern individual and collective actions.