Which of the Following Situations Would Justify the Removal of a Finding

question 178

Multiple Choice

Which of the following situations would justify the removal of a finding from the final audit report?

• A) Management disagrees with the report findings and conclusions in their responses.
• B) Management has already satisfactorily completed the recommended corrective action.
• C) Management has provided additional information that contradicts the findings.
• D) Management believes that the finding is insignificant and unfairly included in the report.

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Definitions:

Current Account

A component of a country's balance of payments, reflecting the difference between its export and import of goods and services.

Account Surplus

A situation where the income or revenue in an account exceeds the expenditures or costs.

International Trade

The exchange of goods, services, and capital across international borders, driven by the concept of comparative advantage and differing resource endowments.

International Border

The officially recognized boundary separating two sovereign countries, regulating the flow of people, goods, and services across territories.