A Written Representation from a Client's Management Which, Among Other

question 4

Multiple Choice

A written representation from a client's management which, among other matters, acknowledges responsibility for the fair presentation of the financial report, should be signed by the:

• A)chief executive officer and the chief financial officer.
• B)chief financial officer and the chairman of the board of directors.
• C)chairman of the audit committee of the board of directors.
• D)chief executive officer, the chairman of the board of directors, and the client's solicitor.

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Definitions:

Material Gain

Acquiring physical objects or wealth as a result of completing a task or achieving a goal.

Wealth

the abundance of valuable resources or material possessions, or the control over such assets.

Risk And Change

Pertains to the inherent dangers and modifications that can occur in any business or personal scenario, impacting outcomes and strategies.

Values

Core beliefs or standards that guide behavior and decision-making processes in individuals or organizations.