The Adjustments Arising from the Audit That Were Considered to Be

question 130

Multiple Choice

The adjustments arising from the audit that were considered to be material should be communicated by the auditor to which of the following?

• A) Audit staff.
• B) Management.
• C) Audit committee.
• D) Internal auditors.

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Definitions:

Bankers

are individuals or entities engaged in the business of dealing with money, lending, exchanging, and safeguarding funds.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power over time.

Securities Act of 1933

is a U.S. law enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.

Wall Street

A street in Lower Manhattan that is the original home of the New York Stock Exchange and represents the financial and investment community in the United States.