What Is the Auditors' Responsibility for Reporting on Other Information

question 51

Multiple Choice

What is the auditors' responsibility for reporting on other information accompanying financial statements?

• A)Because this information is not a fundamental part of the financial statements,the auditors have no reporting responsibility with respect to this information.
• B)Auditors are required to report on other information only if it is misstated or inconsistent with the financial statements.
• C)Auditors are required to provide reasonable assurance with respect to whether the other information is presented in in accordance with generally accepted accounting principles.
• D)Auditors are required to express an opinion on whether the other information is presented in accordance with generally accepted accounting principles.

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Definitions:

Temperament

The innate or naturally occurring patterns of personal behavior, mood, and emotional responses.

Predisposition

An inclination or tendency to behave in a certain way, often influenced by genetic or environmental factors.

Emotional Intelligence

The ability to recognize, manage, and communicate one's feelings, as well as to navigate social interactions thoughtfully and with empathy.

Social Competence

Refers to the ability of an individual to interact effectively with others in different social contexts.