With Whom Should the Auditor Communicate Whenever He or She

question 39

Multiple Choice

With whom should the auditor communicate whenever he or she determines that senior management fraud may be present, even if the matter might be considered inconsequential?

• A)PCAOB
• B)Audit committee
• C)An appropriate level of management that is at least one level above those involved
• D)The internal auditors

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Definitions:

Good Faith

Acting with honesty and without the intention to defraud or to seek an unfair advantage.

Without Alteration

A term referring to maintaining the original state or condition of something without any changes or modifications.

Lack of Consideration

A legal concept indicating the absence of a necessary element in a contract, where one party does not provide a promised payment or service in exchange for the other's offering.

Failure of Consideration

A situation where the promised performance or payment in a contract is not fulfilled, leading to potential contract invalidation.