For Listed Clients,the Audit Committee Should Approve Both the Appointment

question 49

Multiple Choice

For listed clients,the audit committee should approve both the appointment of the auditor and

• A)all services that the PA firm provides to the client.
• B)an engagement that might affect the appearance of independence,such as design of control systems.
• C)any services that are provided for senior management.
• D)the material that is included in the management letter by the PA firm.

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Definitions:

Probability

A numeric scale from 0 to 1 indicating how probable it is for an event to occur.

Outcomes

The possible results or consequences of an action, experiment, or process.

Classical Probability

Classical probability is a theoretical probability calculation based on the assumption that all outcomes are equally likely and there are a finite number of outcomes.

Choosing

The process of making a selection from a range of options or possibilities.