The Directors of a Listed Company Refuse to Disclose Directors

question 1

Multiple Choice

The directors of a listed company refuse to disclose directors' remuneration of $400 000 on the basis that it is not material.Net profit after tax is $25 million and net assets are $100 million.The appropriate auditor's report is:

• A)unmodified with an Emphasis of Matter paragraph.
• B)unmodified opinion.
• C)a qualified opinion.
• D)a disclaimer of opinion.

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Definitions:

Casual Acquaintances

People one knows slightly, but who are not close friends.

Selective Listening

The process of listening to and processing only parts of incoming auditory messages that interest the listener, often ignoring other parts.

Overwhelmed

A state of being where an individual feels unable to manage or cope with their current emotional or physical burdens.

Red Flag Words

Terms or phrases that signal potential problems or areas of concern, often used in communication to alert to issues.