Which of the Following Is Not a Required Disclosure Pertaining

question 38

Multiple Choice

Which of the following is not a required disclosure pertaining to payments made to auditors?

• A) the amounts paid to an auditor for an audit of financial statements of the entity
• B) the amounts payable to an auditor for a review of financial statements of the entity
• C) the amounts paid to assurors of corporate sustainability reports
• D) the nature of each of the non-audit services provided by the auditor

---

Definitions:

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of accounting standards for financial reporting by Canadian companies.

Fair Value Accounting

An accounting approach where companies measure and report the value of certain assets and liabilities on the basis of their actual or estimated fair market price.

Net Working Capital

The distinction between the immediate resources and obligations of a company, highlighting its financial condition for the short run.