Which of the Following Items Should an Auditor Communicate to Those

question 23

Multiple Choice

Which of the following items should an auditor communicate to those charged with governance in a publicly traded company?

• A) Significant audit adjustments recorded by the company and management's consultation with other accountants about significant accounting matters.
• B) Significant audit adjustments recorded by the company but not management's consultation with other accountants about significant accounting matters.
• C) Management's consultation with other accountants about significant accounting matters but not significant audit adjustments recorded by the company.
• D) Neither significant audit adjustments recorded by the company nor management's consultation with other accountants about significant accounting matters.

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Definitions:

Life Expectancy

The average period that an individual is expected to live as determined by statistical analysis, often varying by geographical location, time period, and other factors.

Hormone Replacement

The medical practice of treating hormonal deficiencies or imbalances with hormonal supplements, often used in menopause or hypothyroidism.

Programmed Senescence

The theory that aging is the result of an organism’s genetic programming, leading to a decline in function and eventual death.

Hormonal Change

Refers to variations in hormone levels in the body, which can occur naturally over time or due to specific conditions, affecting mood, growth, metabolism, and reproductive processes.