What Is One of the Ways That the Canadian Auditing

question 10

Multiple Choice

What is one of the ways that the Canadian Auditing Standards (CASs) make management directly responsible for an organization's financial statements?

• A)all listed company management must certify the accuracy of the evidence provided
• B)management must provide evidence to support financial statement data
• C)management must implement and carry out development of high-quality internal controls
• D)companies must use internal auditors to assess the quality of the financial statements

Learn the effective use of email, memos, and subject lines for professional communication.

Comprehend the strategies for delivering negative news in business communication.

Recognize the characteristics and creation of goodwill messages.

Understand the proper structure and sequence for indirect strategy in bad-news messages.

---

Definitions:

Contribution Margin

The contribution margin represents the portion of sales revenue that is not consumed by variable costs and is available to cover fixed costs, contributing to profit.

Fixed Cost

A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Hard Rationing

A situation where capital is not available to a company under any circumstances, often due to economic conditions or poor company performance.

Soft Rationing

A situation where a company limits the amount of funding or capital it allocates to new or ongoing projects, often due to internal policy decisions.