Describe the Five Types of Issues the Auditor Should Consider

question 4

Essay

Describe the five types of issues the auditor should consider as possibly arising from any given business risk.

---

Definitions:

Extraversion

A characteristic of personality marked by being outgoing, communicative, confident, and displaying a strong ability to express emotions.

Minnesota Multiphasic Personality Inventory

A widely used psychometric test that assesses personality traits and psychopathology to aid in diagnosing mental health disorders.

Empirically Derived

Developed or derived from practical experience and observation rather than theory or pure logic.

Spotlight Effect

The conviction that others are observing one's looks and actions more than they truly are.