During a Review the Auditor Is Required to Obtain Written

question 46

Multiple Choice

During a review the auditor is required to obtain written representations from management.Which of the following is NOT one of the required elements of the representation?

• A)Management's responsibility for the fair presentation of the financial statements
• B)Management's belief that it has answered all inquiries fully and truthfully
• C)Management has made all adjustments identified during the review
• D)Management has disclosed information about subsequent events

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Definitions:

Self-Efficacy

The belief in one’s capabilities to organize and execute the courses of action required to manage prospective situations.

Self-Regulation

The ability to manage one's thoughts, emotions, and behaviors in pursuit of long-term goals.

Vulnerable Narcissism

A form of narcissism characterized by sensitivity to criticism, insecurity, and an internal sense of grandiosity and entitlement.

Neurotic

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and jealousy.