The Monitoring of Auditors Is the Primary Legal Function Of

question 27

Multiple Choice

The monitoring of auditors is the primary legal function of:

• A) the Financial Reporting Council (FRC).
• B) each individual firm (for its own staff).
• C) the professional bodies.
• D) all of the above

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Definitions:

Disparate Treatment

A form of intentional discrimination in which an employee is hired, fired, denied a promotion, or the like, on the basis of membership in a protected class.

Intentional Discrimination

Discriminatory actions taken with deliberateness and awareness towards an individual or group based on certain characteristics.

Disparate Impact

A form of discrimination that arises when an employer’s policy or practice appears to apply to everyone equally but its actual effect is that it disproportionately limits employment opportunities for a protected class.

At-Will Employment

At-will employment refers to an employment arrangement where either the employer or the employee can terminate the employment relationship at any time without providing a reason, subject to certain legal restrictions.