If Management Fails to Provide Adequate Justification for a Change

question 135

Multiple Choice

If management fails to provide adequate justification for a change from one generally accepted accounting principle to another, the auditors should

• A)Modify the Opinion on the Financial Statements section of the report for lack of conformity with generally accepted accounting principles.
• B)Modify the Opinion on the Financial Statements section and Basis for Opinion section of the report for lack of conformity with generally accepted accounting principles.
• C)disclose the matter in an explanatory paragraph but not modify the Opinion on the Financial Statements section of the report.
• D)Not modify the report because both principles are generally accepted accounting principles.

Identify the effects of diseases like rubella and HIV on prenatal development and infant health.

Recognize the importance of preconception care and the risks associated with certain prenatal environments.

Understand the procedures and purposes of prenatal assessments.

Describe the development and characteristics of the zygote, embryo, and fetus.

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Definitions:

External Regulations

Rules, laws, and guidelines imposed by external entities that an organization must comply with.

Ethical Responsibility

The duty to act in a morally correct manner, both individually and within a professional or societal context.

Corporate Behaviour

The actions, attitudes, and values demonstrated by a company and its employees, which influence its reputation and culture.

Moral Expectations

Standards or beliefs regarding what is right or wrong behavior within a society or group.