On an SEC Engagement, an Auditor Wishes to Determine the Officers

question 21

Multiple Choice

On an SEC engagement, an auditor wishes to determine the officers who receive the greatest total compensation. This objective is related primarily to the:

• A) existence or occurrence assertion.
• B) rights and obligations assertion.
• C) valuation or allocation assertion.
• D) presentation or disclosure assertion.
• E) completeness assertion.

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Definitions:

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Humanistic Management

An approach to management focusing on the individual needs and potential of employees, promoting personal growth and a positive organizational culture.

HR

Stands for Human Resources, a department in organizations concerned with the management of people within the company, focusing on policies, systems, and practices.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.