Foreseeable Third Parties Are Best Described as

question 53

Multiple Choice

Foreseeable third parties are best described as

• A)Management of the entity.
• B)Those third parties that have a direct relationship with auditors through previous contract related to the audit engagement.
• C)Those third parties who will rely on the audit and are specifically known by auditors.
• D)Those third parties whose decisions normally rely on audited financial statements and opinions on those financial statements.

---

Definitions:

Enumerated

Specifically listed, mentioned, or counted, often referring to a detailed list of items, rights, or powers.

Coin Money

The exclusive power of the government to print and mint the currency used in a country, regulating its composition and supply.

Naturalization Laws

Legislation that outlines the process by which foreign citizens can acquire nationality or citizenship of a country after fulfilling certain requirements.

John Marshall

The fourth Chief Justice of the United States Supreme Court (1801-1835), known for shaping American constitutional law and making the Supreme Court a center of power.