An Auditor Determines That There Is an Inherent Risk That

question 31

Multiple Choice

An auditor determines that there is an inherent risk that a company has not included both the basic earnings per share and diluted earnings per share amounts in financial statements even though significant dilutive securities are part of the company's complex capital structure.This determination is most likely tied to which of the following management assertions?

• A)Valuation.
• B)Presentation and disclosure.
• C)Rights and obligations.
• D)Existence.

Understand the use of feedback in evaluating the success of organizational change efforts.

Understand the geopolitical and social impact of American foreign policies during the 1980s, including the Iran-contra affair and the Persian Gulf War.

Analyze the causes and effects of economic policies and societal shifts in the 1980s, including homelessness and the resurgence of conservatism.

Understand the influence of immigration policies and demographic changes in the 1980s, particularly concerning immigration reform and the growth of ethnic minorities.