If a Firm Failed to Disclose Billions of Dollars in Short

question 31

Multiple Choice

If a firm failed to disclose billions of dollars in short term debt in its annual financial report that has been distributed to shareholders,who should be found guilty? (i) Directors of the board.(ii) Internal auditor.(iii) External auditor.

• A)(i)(ii)(iii)
• B)(i)(ii)
• C)(ii)(iii)
• D)(i)(iii)

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Definitions:

Expectations

The beliefs or forecasts about what will happen in the future or how someone should behave, which can influence personal and professional decisions and actions.

Negative Affectivity

A personality trait involving the experience of negative emotions and poor self-concept more intensely and frequently.

Low Levels

Refers to stages or positions that are at the bottom or near the bottom of a hierarchical structure or scale.

Life Satisfaction

A measure of how content an individual is with their life as a whole, often used as an indicator of psychological wellbeing.