Which of the Following Is the Auditor Least Likely to Do

question 46

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.

---

Definitions:

Collateral Labour Markets

Secondary or peripheral segments of the labour market characterized by lower job security, lower wages, and less formal employment structures.

Unions

Are organizations of workers that seek to defend and promote their members’ interests.

Communism

A political and economic ideology advocating for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Classless Society

An ideal society in which there is no division or class stratification among its members, implying equality in terms of status, wealth, and power.