If an Auditor Dates the Auditor's Report on Financial Statements

question 62

Multiple Choice

If an auditor dates the auditor's report on financial statements for the year ended December 31, 2013, as of February 10, 2014, except for Note J, as to which the date is March 3, 2014, the auditor is acknowledging responsibility to actively search for and ensure proper handling by management of

• A) All subsequent events occurring through March 3, 2014.
• B) All subsequent events occurring through February 10, 2014.
• C) All subsequent events occurring through February 10, 2014 and the specific subsequent event referred to in Note J through March 3, 2014.
• D) Only the specific subsequent event referred to in Note J as of March 3, 2014.

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Definitions:

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a society or organization.

Personal Commitment

denotes a personal or emotional investment into a cause, project, or goal, driving individuals to persevere in their efforts.

Ethical Perspective

The viewpoint from which an individual or group evaluates actions and decisions based on moral principles and values.

Millennials

A demographic group succeeding Generation X, generally identified as individuals born between the early 1980s and the late 1990s.