The Group Auditors Decide Not to Refer to the Audit

question 39

Multiple Choice

The group auditors decide not to refer to the audit of component auditors who audited a subsidiary of the group financial statements.After making inquiries about the component auditors' professional reputation and independence,the group auditor most likely would

• A)Document in the engagement letter that the group auditors assume no responsibility for the component auditors' work.
• B)Obtain written permission from the component auditors to omit the reference in the group auditors' report.
• C)Contact the component auditors' and review the audit programs and working papers pertaining to the subsidiary.
• D)Add an additional paragraph to the group auditors' report indicating that the subsidiary's financial statements are not material to the consolidated financial statements.

Evaluate the concepts of controlled drinking and treatment success rates within the context of substance use disorders.

Articulate methods clients might use to deceive urine toxicology testing and discuss countermeasures.

Understand the correlation between educational opportunities and economic status.

Recognize the regional variations in income and their impact on social inequality.

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Definitions:

Number Rules

Principles governing the usage, operation, and representation of numbers in mathematical contexts or everyday life.

Number Expression

A mathematical phrase that represents a specific quantity or amounts using numbers and operational symbols.

Dinner Plates

Large circular dishes from which main meals are eaten, part of a tableware set.

Number Expression

A mathematical phrase that can represent a particular quantity or combination of quantities.