When Auditors Are Engaged in Work Where No Assurance Is

question 31

Multiple Choice

When auditors are engaged in work where no assurance is provided this means;

• A) That the review indicates adverse finding and the auditors are not prepared to give an assurance that the information gives a true and fair view.
• B) The auditors found anomalies in the financial information and no assurance will be given until further testing is conducted
• C) An assurance is not provided as the client determines the nature, timing and extent of the evidence that is gathered and will determine their own outcome
• D) No assurance is provided as the client will determine the outcome once the auditors have gathered the data.

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Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can negatively impact performance and behavior.

Affirmative Action

Policies and practices within organizations designed to promote opportunities for historically socio-politically disadvantaged groups.

Prevalence

The proportion of a population found to have a particular condition or trait at a specific time.

Top University

An institution of higher education recognized for its outstanding academic excellence, research achievements, and social prestige.