If the Balance Sheet of a Private Company Is Dated

question 115

Multiple Choice

If the balance sheet of a private company is dated December 31, 2011, the audit report is dated February 8, 2012, and both are released on February 15, 2012, this indicates that the auditor has searched for subsequent events that occurred up to:

• A)December 31, 2011.
• B)January 1, 2012.
• C)February 8, 2012.
• D)February 15, 2012.

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Definitions:

Cognitive Needs

Psychological requirements of a person for understanding, knowledge, and intellectual development.

Consciousness

The condition in which an individual is conscious of and can reflect upon their own being, senses, mental activities, environment, and life events.

Maslow

A leading figure in psychology, Abraham Maslow was an American psychologist famous for formulating the hierarchy of needs theory, which asserts that psychological health stems from the sequential fulfillment of inherent human needs, the ultimate of which is self-actualization.

Personal Concerns

Issues or matters that hold significant importance or relevance to an individual's life and wellbeing.