An Auditor Most Likely Would Be Responsible for Communicating Significant

question 699

Multiple Choice

An auditor most likely would be responsible for communicating significant deficiencies in the design of internal control:

• A) To the Securities and Exchange Commission when the client is a publicly-held entity.
• B) To specific legislative and regulatory bodies when reporting under Government Auditing Standards.
• C) To a court-appointed creditors' committee when the client is operating under Chapter 11 of the Federal Bankruptcy Code.
• D) To shareholders with significant influence (more than 20% equity ownership) when the significant deficiencies (reportable conditions) are deemed to be material weaknesses.

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Definitions:

PR Feature Story

An in-depth article or segment produced by public relations professionals to highlight an aspect of a company, individual, or product in a positive light.

AP Style Standards

Established guidelines by the Associated Press for grammar, spelling, punctuation, and language usage that many journalists and public relations professionals adhere to.

Writing Style

The distinct manner or technique an author chooses to express thoughts in written form, including choices regarding language, structure, and tone.

PR Purposes

Objectives pursued through public relations efforts, such as enhancing a brand's image, managing reputation, or communicating with the public and media.