What Is the Auditors' Responsibility for Reporting on Other Information

question 40

Multiple Choice

What is the auditors' responsibility for reporting on other information accompanying financial statements?

• A) Because this information is not a fundamental part of the financial statements, the auditors have no reporting responsibility with respect to this information.
• B) Auditors are required to report on other information only if it is misstated or inconsistent with the financial statements.
• C) Auditors are required to provide reasonable assurance with respect to whether the other information is presented in accordance with generally accepted accounting principles.
• D) Auditors are required to express an opinion on whether the other information is presented in accordance with generally accepted accounting principles.

---

Definitions:

Computer Virus

Malicious software designed to replicate itself and spread from one computer to another, often causing damage or stealing information.

Worm

A type of malware that replicates itself to spread to other computers, often causing harm by consuming bandwidth or corrupting files.

Spear Phishing

A targeted phishing attack that sends e-mails to people known to be customers of a company. Such attacks have a much greater chance of successfully getting individuals to reveal sensitive data.

Rootkit

A rootkit is a type of malware designed to gain unauthorized access to a computer system while hiding its presence or the presence of other malicious software.