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:

Environmental Stimulation

Exposure to varied and engaging surroundings that can influence cognitive and physical development.

Development

A process of growth and change that occurs in human beings and animals as they progress through various stages of life, encompassing physical, cognitive, psychological, and social aspects.

Cultural Context

The environment and situational factors that influence the meanings of actions, symbols, and expressions in a given culture.

Liquid

A state of matter characterized by the ability to flow and take the shape of the container it occupies, lacking a fixed shape but having a defined volume.