"There Are No Violations or Possible Violations of Laws or Regulations

question 13

Multiple Choice

"There are no violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency." The foregoing passage most likely is from a(an)

• A) entity engagement letter.
• B) report on compliance with laws and regulations.
• C) management representation letter.
• D) attestation report on internal controls.

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Definitions:

Terminable

Referring to something such as an agreement or contract that can be ended or terminated by one or more of the parties involved.

Occupational Health

The discipline of ensuring the safety, health, and welfare of people engaged in work or employment.

Safety Legislation

Laws and regulations enacted to ensure the protection and well-being of individuals by minimizing risks and hazards.

Danger Pay

Additional compensation provided to employees who work in conditions that are considered hazardous or risky.