Who Should the Auditors First Notify If They Discover a Material

question 92

Multiple Choice

Who should the auditors first notify if they discover a material misappropriation of assets?

• A)The PCAOB.
• B)The SEC.
• C)The management of the company.
• D)The audit committee of the company.
• E)They are not required to notify anyone.

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Definitions:

Scheduling

The process of organizing, planning, and coordinating activities or tasks over a period, ensuring efficient use of time and resources.

Emotional Intelligence

The capability to recognize, understand, manage, and influence one’s own and others' emotions.

Perceive Emotions

The ability to recognize and understand the feelings and emotions of oneself or others.

Manage Emotions

The ability to regulate and control one's emotional responses in a professional or personal context, often to maintain composure or achieve specific outcomes.