A PA Firm Is Conducting an Audit of a Public

question 76

Multiple Choice

A PA firm is conducting an audit of a public company that has operations in both Canada and Finland.There is a conflict between ISAs (International Statements on Auditing) and CASs (Canadian Auditing Standards) for the foreign operations that will be consolidated with the Canadian operations.Which reporting standards should the PA firm follow?

• A)Finnish reporting standards
• B)Canadian reporting standards
• C)international financial reporting standards
• D)the best of Canadian or international standards

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Definitions:

Emotional

Pertaining to feelings or affective states, often influencing behavior and decision making.

Physiological

Relating to the branch of biology that deals with the normal functions of living organisms and their parts.

Behavioral

Relating to the actions or reactions of individuals or groups towards various stimuli, in the context of psychology and social science.

Illnesses

Health conditions that are characterized by dysfunction in an individual's body, mind, or emotions.