Which of the Following Items Should an Auditor Communicate to Those

question 46

Multiple Choice

Which of the following items should an auditor communicate to those charged with governance in a publicly traded company?

• A)Significant unusual transactions, critical estimates, and management's consultation with other accountants about significant accounting matters.
• B)Significant unusual transactions and critical estimates, but not management's consultation with other accountants about significant accounting matters.
• C)Management's consultation with other accountants about significant accounting matters but not significant unusual transactions and critical estimates.
• D)Neither significant unusual transactions, critical estimates, nor management's consultation with other accountants about significant accounting matters.

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Definitions:

Functionalist Perspective

An approach within sociology that considers society to be a complex structure in which its elements operate in harmony to ensure cohesion and steadiness.

Conflict Perspective

A sociological theory that sees social life as a competition, focusing on the distribution of resources, power, and inequality.

Kinds of Education

Refers to the various forms and levels of educational systems and institutions, including primary, secondary, tertiary education, and vocational training, each aimed at delivering knowledge and skills in different areas.

Gender

The roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.