While Reviewing the Books at His Firm, Chad Cooper Noticed

question 37

Multiple Choice

While reviewing the books at his firm, Chad Cooper 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, Chad felt confident that the changes needed clarification. To get another opinion, Chad 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:

Brand Name

A brand name is the unique name given to a product or service by a company, which differentiates it from others in the market.