When the Auditor Suspects That Fraud May Be Present, He

question 46

Multiple Choice

When the auditor suspects that fraud may be present, he or she should:

• A) continue with the original planned audit procedures.
• B) inform ASIC.
• C) obtain additional evidence to determine whether material fraud has occurred.
• D) immediately resign from the engagement.

Examine the relationship between downsizing and human resource management practices.

Discuss alternative human resource planning strategies to downsizing.

Understand the roles of human resources in organizational downsizing and restructuring.

Analyze the impact of downsizing and restructuring on employees.

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Definitions:

Doctrine of Substantial Performance

A legal principle acknowledging that if a party has performed enough of its contractual obligations, it may warrant payment, minus damages for incomplete work.

Complete Performance

Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.

Complete Performance

The situation where all terms of a contract have been fully met by the parties involved.

Parties' Duties

Responsibilities and roles defined within a contract or agreement that must be performed by the entities involved.