Which of the Following Is Not a Course of Action

question 32

Multiple Choice

Which of the following is not a course of action an auditor may take if they discover material misstatements in the accounts?

• A) consider issuing an unqualified audit opinion.
• B) consider issuing a qualified audit opinion.
• C) perform additional audit procedures.
• D) ask management to correct the errors.

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Definitions:

Small Business Health Options Program

A component of the health insurance marketplace that allows small businesses to provide health coverage options to their employees.

Health-Care Tax Credit

a government incentive designed to make health insurance more affordable for individuals and families by reducing their taxes.

Business-Expense Tax Deduction

A reduction in taxable income for businesses, for costs that are considered necessary and ordinary in running the business.

Fair Labor Standards Act

U.S. legislation aimed at protecting workers against unfair pay and excessive working hours, establishing minimum wage and overtime pay guidelines.