Which of the Following Circumstances Would Not Be Considered by the Australian

question 20

Multiple Choice

Which of the following circumstances would not be considered by the Australian Securities and Investments Commission (ASIC) to be 'exceptional' for them to allow the auditor of a public company to resign outside of the company's annual general meeting?

• A)The company is not audited by the auditor of the parent company.
• B)A negligence claim has been filed against the auditor by the company.
• C)The auditor loses his/her independence.
• D)The auditor's health is failing.

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Definitions:

Counterfactual Thinking

The mental process of imagining alternative scenarios and outcomes that could have happened, but didn't.

False Consensus Effect

The tendency to overestimate how much other people share our beliefs, attitudes, and behaviors.

Primacy Effect

The tendency to remember the first items in a series better than the middle or last items, indicating the impact of first impressions.

Statistical Regression

A statistical technique used to determine the relationships between one dependent variable and one or more independent variables.