Which of the Following Is a Change That Is Not

question 81

Multiple Choice

Which of the following is a change that is not being debated by auditing standard setters and investors?

• A) Adding disclosure about which engagement partner at the firm supervised the audit and who from outside the audit firm participated in the audit
• B) Adding commentary on areas of risk of material misstatement of the financial statements identified by the auditor.
• C) Adding commentary about the level of materiality applied by the auditor to perform the audit.
• D) All of the above are being debated.

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Definitions:

Competence

The ability or skill to effectively perform or complete a task to a specified standard.

Community Psychology

A branch of psychology that studies the relationships of individuals within their community and the wider society to improve welfare.

Psychological Health

A state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to his or her community.

Social Action

An act undertaken with the intention of causing change in society or in particular social structures.