According to the Professional Standards,auditors May Document the Understanding Established

question 15

Multiple Choice

According to the professional standards,auditors may document the understanding established with an audit client through a(n)  
$\begin{array}{lll}&\text { Written communication with the client }&\text { Oral Communication with the client }\\\text { A. } & \text { Yes } & \text { Yes } \\\text { B. } & \text { Yes } & \text { No } \\\text { C. } & \text { No } & \text { Yes } \\\text { D. } & \text { No } & \text { No }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Progressive

Pertaining to progressive politics or movements that advocate for reforms and policies aimed at addressing social inequalities and promoting social justice.

Regressive

Pertaining to a tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income individuals.

Proportional

Relating to or denoting a relationship where a change in one quantity results in a corresponding proportional change in another quantity.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.