An Auditor Has Discovered That Its Audit Client Made Numerous

question 7

Multiple Choice

An auditor has discovered that its audit client made numerous facilitation payments to foreign officials over the past two years.This client's stock trades on the New York Stock Exchange.The auditor should:

• A) Inform the SEC
• B) Inform authorities at the stock exchange
• C) Inform the companies' Audit Committee
• D) Ignore this discovery

---

Definitions:

Developmental Quotient

An overall developmental score that relates to performance in four domains: motor skills, language use, adaptive behavior, and personal and social skills.

Delayed Development Indicator

A sign or measure that suggests a slower than typical progress in physical, emotional, or intellectual growth in children.

Intellectual Disability

A condition characterized by significant limitations in intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.