If the Auditor Were Responsible for Making Certain That All

question 42

Multiple Choice

If the auditor were responsible for making certain that all the assertions of management in the statements were correct,

• A)bankruptcies could no longer occur.
• B)bankruptcies would be reduced to a very small number.
• C)audits would be much easier to complete.
• D)audits would not be economically practical.

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Definitions:

Authority

The capability or privilege to direct actions, decide on matters, and command adherence.

Govern

To officially and legally direct or control policies, actions, or the functioning of a state, community, or organization.

Fighting Words

Language that by its very utterance is likely to incite violence or immediate breach of the peace.

First Amendment

Part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition the government.