If the Group Engagement Partner Wants to Name the Component

question 38

Multiple Choice

If the group engagement partner wants to name the component audit firm, then_______.

• A)he/she must receive permission from the component auditor, and the component auditor's report on the subsidiary must be presented together with the auditor's report on the group financial statements
• B)he/she must receive permission from the component auditor, and the prior auditor's report on the subsidiary must be presented together with the auditor's report on the group financial statements
• C)he or she is free to do so
• D)management must provide permission accordingly

Analyze the effectiveness of various economic policies in different economic conditions.

Appreciate the relevance of global economic integration and international capital flows on national economic policies.

Understand the impact of internationalization on macroeconomic policy.

Comprehend conventional monetary and fiscal policies to combat inflation and recession.