If an Auditor Dates the Auditor's Report on Financial Statements

question 20

Multiple Choice

If an auditor dates the auditor's report on financial statements for the year ended December 31, 2013, as of February 10, 2014, except for Note J, as to which the date is March 3, 2014, the auditor is acknowledging responsibility to actively search for and ensure proper handling by management of:

• A)all subsequent events occurring through March 3, 2014.
• B)all subsequent events occurring through February 10, 2014.
• C)all subsequent events occurring through February 10, 2014 and the specific subsequent event referred to in Note J through March 3, 2014.
• D)only the specific subsequent event referred to in Note J as of March 3, 2014.

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Definitions:

Behaviour

The actions or reactions of an individual or group in response to external or internal stimuli.

Interpersonal Communication

The process by which individuals exchange information, feelings, and meaning through verbal and non-verbal messages, typically in a face-to-face setting.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Attribution Error

A cognitive bias that occurs when one inaccurately attributes the cause of someone's behavior to their personality or disposition rather than to external factors.