An Auditor Would Least Likely Initiate a Discussion with a Client's

question 34

Multiple Choice

An auditor would least likely initiate a discussion with a client's audit committee concerning

• A) The methods used to account for significant unusual transactions.
• B) The maximum dollar amount of misstatements that could exist without causing the financial statements to be materially misstated.
• C) Indications of fraud and illegal acts committed by a corporate officer that were discovered by the auditor.
• D) Disagreements with management as to accounting principles that were resolved during the current-year audit.

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Definitions:

Unconventional Thinking

A non-traditional or creative approach to problem-solving and idea generation.

Constraints

Limitations or restrictions that affect the course of an action or decision-making process.

Creative Problem Solver

An individual capable of thinking outside the box to find innovative solutions to complex challenges.

Intellectual Flexibility

The ability to adapt one's thinking and problem-solving strategies across various situations and contexts.