While Reviewing the Books at His Firm, Colin Noticed Discrepancies

question 160

Multiple Choice

While reviewing the books at his firm, Colin noticed discrepancies between how the firm recorded revenues last year and how it elected to record revenues during the recent quarter of the current year. As a recent business graduate, Colin felt confident that the changes needed clarification. To get another opinion, Colin suggested to the company's controller that the firm solicit

• A) the assistance of the Government Accounting Standards Board.
• B) the services of a certified internal auditor.
• C) the services of a senior executive at the IRS.
• D) the services of an independent auditor.

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Definitions:

Respiratory System

The biological system that involves the process of breathing and the exchange of oxygen and carbon dioxide between an organism and its environment.

Digestive System

The system in the body responsible for breaking down food into nutrients and waste, including organs such as the stomach, intestines, and liver.

Working Tissue

The active or functioning tissue in an organ or structure, responsible for its main physiological activities.

Structure Indicated

Referring to a particular physical or anatomical part identified for study or treatment.