In Addition to the Financial Statements,MD&A (Management Discussion and Analysis)are

question 14

Multiple Choice

In addition to the financial statements,MD&A (management discussion and analysis) are appended to the financial statements to inform users of management's expectations for the foreseeable future,as well as to provide management's assessment of the financial results.MD&A is prepared primarily because it is

• A)an additional piece of evidence used by auditors to assess the financial statements.
• B)generally required by securities regulators in Canada.
• C)an unbiased view of the prospective future results of the company.
• D)required so that the company can borrow more funds or sell more shares to the public.

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Definitions:

Accommodating

Showing willingness to adjust actions or decisions to take into account others' needs or preferences.

Withdrawing

The act of pulling back or removing oneself from a situation, engagement, or commitment.

Confronting

The act of facing or addressing problems, disagreements, or challenging situations directly.

Collaborating

Working jointly with others, especially in an intellectual endeavor, to achieve a common goal.