Which of the Following Is the Auditor Least Likely to Do

question 181

Multiple Choice

Which of the following is the auditor least likely to do when aware of an illegal act?

• A) discuss the matter with the client's legal counsel
• B) obtain evidence about the potential effect of the illegal act on the financial statements
• C) contact the local law enforcement officials regarding potential criminal wrongdoing
• D) consider the impact of the illegal act on the relationship with the company's management

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Definitions:

Union Representative

An individual elected or appointed to represent the interests and grievances of union members in discussions with management or employers.

Utility

Utility is the total satisfaction or benefit derived from consuming a good or service.

Coaching and Mentoring

Supportive relationships in which experienced professionals help others develop their skills and knowledge, often through one-on-one guidance.

Conference Board of Canada

A not-for-profit research organization that specializes in economic trends, organizational performance, and public policy issues in Canada.