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:

Psychology

The scientific study of the mind and behavior, exploring facets of human and non-human animal functions including perceptions, cognition, emotion, personality, behavior, and interpersonal relationships.

Social Psychology Research

The systematic study of how individuals' thoughts, feelings, and behaviors are influenced by the social context in which they exist.

Experimental Realism

The extent to which an experiment mirrors real-life situations, enhancing its generalizability and the participants' engagement with the experimental tasks.

Real World

Refers to actual existence and events outside of controlled or artificial environments, emphasizing practical or lived experiences.