Management's Refusal to Furnish a Written Representation on a Matter

question 15

Multiple Choice

Management's refusal to furnish a written representation on a matter that the auditor considers essential constitutes:

• A)prima facie evidence that the financial report is not presented fairly.
• B)a violation of the Corporations Act 2001.
• C)an uncertainty sufficient to preclude an unmodified opinion.
• D)a scope limitation sufficient to preclude an unmodified opinion.

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Definitions:

Four-Figure Accuracy

A level of precision in numerical computation where the result is rounded to four significant digits.

Five-Figure Accuracy

Describes precision to five significant digits in numerical representation, ensuring a high degree of accuracy in calculations or measurements.

Accurate

Precisely correct, exact, or without error.

Cent

A monetary unit that is equal to one hundredth of the basic unit of currency in many countries, including the United States.