Which of the Following Statements Ordinarily Is Included Among the Written

question 73

Multiple Choice

Which of the following statements ordinarily is included among the written management representations obtained by the auditor?

• A)Compensating balances and other arrangements involving restrictions on cash balances have been disclosed.
• B)Management acknowledges responsibility for illegal actions committed by employees.
• C)Sufficient evidential matter has been made available to permit the issuance of an unqualified opinion.
• D)Management acknowledges that there are no material misstatements in the internal controls.

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Definitions:

Seeing an Opportunity

Identification of a potential for growth or improvement within a specific context.

General Self-efficacy Scale

A psychological assessment tool designed to measure an individual's belief in their ability to succeed in various situations.

High Levels of Self-efficacy

A strong belief in one's own ability to complete tasks and achieve goals.

Persist

To continue steadfastly or firmly in some state, purpose, or course of action in spite of opposition, warnings, or setbacks.