Comparatives Refer to Amounts or Disclosures of One or More

question 1

Multiple Choice

Comparatives refer to amounts or disclosures of one or more previous periods that are presented on a comparative basis with those of the current period.ASA 710 (ISA 710) states that the auditor:

• A)is not required to investigate the comparatives.
• B)is required to add an 'emphasis of matter' to the audit report.
• C)is required to determine whether the comparatives take into account the change of auditor.
• D)is required to determine whether the comparatives meet the requirements of the applicable financial reporting framework.

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Definitions:

Attitude

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Behavior

The actions or reactions of an individual or a system in response to external or internal stimuli.

Principles Of Persuasion

Fundamental strategies used to convince others to change their attitudes or behaviors, involving factors such as authority, social proof, reciprocity, commitment and consistency, liking, and scarcity.

Advertisers

Professionals engaged in the creation and placement of advertisements to promote products or services to targeted audiences.