SAS 99 Requires Auditors to Document

question 38

Multiple Choice

SAS 99 requires auditors to document:

• A) Any specific risks of material misstatement due to fraud that were identified
• B) The discussion among engagement personnel regarding the susceptibility of the entity's financial statements to material misstatement due to fraud
• C) The reasons supporting the auditor's conclusion if the auditor has not identified improper revenue recognition as a risk
• D) All of the above

Identify and describe the common obstacles to achieving happiness.

Explain the optimum arousal theory and its relevance to everyday behavior and motivation.

Compare and contrast the James-Lange theory and Cannon-Bard theory of emotion.

Distinguish between intrinsic and extrinsic motivation and their impact on behavior.

---

Definitions:

Apology

An expression of regret or sorrow for having done wrong or caused inconvenience, often a key component in resolving conflicts and maintaining relationships.

Indirect Claim Message

A communication approach that addresses an issue or claim in a less straightforward manner, often used to soften criticism or a complaint.

Serious Complaint

A grievance or objection raised concerning a significant issue, often requiring urgent attention or resolution.

FedEx Parcel

A package or shipment transported and delivered by FedEx, a global courier delivery services company.