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.

---

Definitions:

Internal Combustion

A type of engine where fuel is burned inside the engine itself to create power, typically found in vehicles.

Anecdotes

Short and often amusing or interesting stories about a real incident or person.

Literal Analogy

A comparison between two similar things.

Figurative Analogy

A comparison between two essentially unlike things or events that nevertheless share some feature.