Auditors of Private Companies That Do Not Have an Audit

question 98

Multiple Choice

Auditors of private companies that do not have an audit committee or even a board of directors should communicate with _________.

• A)those charged with governance
• B)executive directors
• C)non-executive directors
• D)none of these answer choices are correct

---

Definitions:

Ethical Culture

Represents the character or ethos of an organization that guides how its members behave based on shared values and ethical standards; it is reflected in policies, practices, and leadership behavior.

Moral Standards

Principles or rules of conduct that distinguish between right and wrong behavior for individuals or groups.

Role Models

Individuals admired for their qualities or achievements, who serve as examples for others to emulate.

Ethical Culture

The character of an organization's environment that contributes to the ethical behavior of its employees, defined by shared beliefs, values, practices, and systems.