If Auditors Are Appointed on January 3, 2020, the Date

question 40

Multiple Choice

If auditors are appointed on January 3, 2020, the date of the financial statements is December 31, 2020, the date of the auditors' report is February 7, 2021, and the audit report release date is March 3, 2021, what is the appropriate date of the written representations?

• A)January 3, 2020
• B)December 31, 2020
• C)February 7, 2021
• D)March 3, 2021

---

Definitions:

Aspirin

A medication used to reduce pain, fever, inflammation, and, in low doses, to prevent blood clots.

Coagulation

The process by which blood changes from a liquid to a gel, forming a clot, notably significant in stopping bleeding and initiating wound healing.

Thrombin

An enzyme present in blood plasma that initiates the conversion of fibrinogen to fibrin, leading to blood coagulation.

Megakaryocytes

Large bone marrow cells that produce platelets, which are critical for blood clotting.