After the Financial Statements Have Been Issued, If a Subsequent

question 38

Multiple Choice

After the financial statements have been issued, if a subsequent discovery of facts occurs, that is, the auditor becomes aware that some information in the statements is materially misleading, the auditor should ask the client to issue an immediate revision. This is only required if:

• A) the discovery of facts relates to developments that occurred after the date of the auditor's report.
• B) management makes the discovery and informs the auditor.
• C) the auditor makes the subsequent discovery of facts him or herself.
• D) the facts discovered already existed at the audit report date.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Payroll Register

A detailed record of each employee's wages, deductions, and net pay for a certain period.

Net Pay

The amount of money an employee receives after deductions such as taxes and retirement fund contributions are taken out of their gross salary.

FICA Tax Rate

The combined rate for Social Security and Medicare taxes that both employers and employees pay, based on a percentage of employees' wages.

Unemployment Taxes

Taxes that employers are required to pay to the government, which are used to fund unemployment benefits for workers who have lost their jobs.