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:

Adds Variety

Introduces diversity and difference, making situations, tasks, or environments more interesting and less monotonous.

Prosocial Motivation

The desire to benefit others or contribute to the greater good through one’s actions and behaviors.

Self-oriented Role

A function or position within a group or team that focuses on personal growth, achievements, and responsibilities rather than collaborative goals.

Craving for Recognition

A strong desire or need to be acknowledged and valued by others for one's achievements or qualities.