Which of the Following Expressions Is Least Likely to Be

question 81

Multiple Choice

Which of the following expressions is least likely to be included in a management representation letter?

• A)No events have occurred subsequent to the balance sheet date that require adjustment to or disclosure in the financial statements.
• B)The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
• C)Management acknowledges responsibility for illegal actions committed by its employees.
• D)Management has made available all financial statements and related data.

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Definitions:

Organizational Effectiveness

The ability of an organization to achieve its goals and objectives in an efficient and productive manner.

Personal Goals

Individual objectives set by a person, aiming at personal development or accomplishment.

Assertive

The quality of being confident and direct in claiming one's rights or putting forward one's opinions without being aggressive.

Unassertive

A behavioral characteristic in which an individual tends to be passive or submissive, often failing to express their own opinions or needs.