An Audit Conducted in Accordance with Generally Accepted Auditing Standards

question 4

Multiple Choice

An audit conducted in accordance with generally accepted auditing standards includes each of the following except:

• A)examination, on a test basis, of evidence supporting the amounts and disclosures in the financial statements.
• B)evaluation of the efficiency and effectiveness of management.
• C)assessment of the accounting principles used and significant estimates made by management.
• D)planning and performance of the audit to obtain reasonable assurance that the financial statements are free of material misstatements.

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Definitions:

Nervousness

The state of feeling anxious or uneasy about something with an uncertain outcome.

Oral Presentations Types

Varieties of spoken reports or speeches aimed at sharing information or ideas to an audience.

Effective Presentation

An effective presentation successfully communicates ideas to an audience in a clear, engaging, and memorable way.

Preparation Time

the period allocated for planning, organizing, and setting up before an event, activity, or task begins.