Why Is It Necessary for an Auditor to Perform Audit

question 4

Multiple Choice

Why is it necessary for an auditor to perform audit work after the "as of" date to which the opinion on ICFR applies?

• A) Whistleblower information may become available after the end of the year.
• B) Audit documentation is only prepared after the end of the year.
• C) End-of-period financial reporting occurs after the end of the year.
• D) IT systems may be changed after the end of the year.

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Definitions:

Generalization

A general idea or assertion derived from analyzing specific instances.

S Class

A category or model designation typically used to describe a luxury line of vehicles, often associated with Mercedes-Benz.

Induction

A reasoning process that involves drawing general conclusions from specific observations or instances.

Train Cars

Connected, wheeled vehicles used collectively for the purpose of transporting goods or passengers along a railway track.