For Which of the Following Matters Should an Auditor Obtain

question 54

Multiple Choice

For which of the following matters should an auditor obtain written management representations?

• A)Management's cost-benefit justifications for not correcting internal control weaknesses.
• B)Management's knowledge of future plans that may affect the price of the entity's stock.
• C)Management's addressing control deficiencies communicated to the audit committee during previous engagements.
• D)Management's acknowledgment of its responsibility for employees' violations of laws.

---

Definitions:

Hysteria

A psychological disorder characterized by excessive or uncontrollable emotion or excitement, now recognized as a variety of disorders.

Opposite Extremes

Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.

Organic Disorder

A term for physical or physiological disorders caused by structural changes in the body.

Manic-depressive Disorder

An old term for bipolar disorder, a mental health condition characterized by extreme mood swings.