AU 336 Applies To

question 61

Multiple Choice

AU 336 applies to:

• A) using the work of an actuary.
• B) whether a pension obligation is funded or not.
• C) the responsibility the auditor assumes when auditing pension plans.
• D) All of the above.

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Definitions:

Desired States

Preferred outcomes or conditions that an individual, group, or organization aspires to achieve in the future.

Alternative Courses

Different paths or options that can be taken in pursuit of a goal, often considered during planning and decision-making processes.

Understandability

The extent to which information can be comprehended easily by its intended audience.

Relevance

The extent to which something is pertinent or applicable to the issue being considered.