In the Management Report Contained in the Audited Annual Report

question 4

Multiple Choice

In the Management Report contained in the audited annual report, management acknowledges its responsibility for all of the following except

• A)preparing and presenting the financial statements
• B)correcting all internal control deficiencies prior to issuance of the financial statements
• C)designing and maintaining appropriate internal controls
• D)evaluating the effectiveness of the internal controls

---

Definitions:

Major Rivers

Large, significant rivers that have considerable length, water volume, and drainage area, playing crucial roles in their regional ecosystems and human economies.

Transform Boundary

A type of tectonic plate boundary where two plates slide horizontally past each other, often causing earthquakes.

Reverse Fault

A type of fault where the hanging wall moves upward relative to the footwall, typically occurring at convergent plate boundaries.

Continental Rift

A linear zone where the Earth's crust and lithosphere are being pulled apart and is an early stage of continental breakup.