S308 of the Corporations Act Requires Certain Implied Conditions to Be

question 14

Multiple Choice

S.308 of the Corporations Act requires certain implied conditions to be reported on in an audit report if there is any deficiency, or failure to comply.Which of the following is one of those implied conditions?

• A)Whether the auditor has obtained all information, explanation and assistance required.
• B)Whether an audit has been carried out.
• C)Whether the auditor is independent of the company.
• D)Whether the financial statements are properly drawn up so as to give a true and fair view of the company's financial affairs.

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Definitions:

Adoptive Families

Households where one or more of the children has been legally taken and raised by caregivers who are not their biological parents.

Biological Siblings

Siblings who share both biological parents and have a genetic connection, as opposed to siblings connected by adoption or step-relations.

Adoptive Parents

Individuals or couples who legally take on the parental responsibilities for a child not biologically their own.

Genetic Switch

A molecular mechanism that can turn on or off the expression of specific genes in an organism.