Which of the Following Items Is Not One of Management's

question 36

Multiple Choice

Which of the following items is not one of management's responsibilities for communicating with the auditors?

• A) Suspected fraudulent activities within the company.
• B) Deficiencies in the design or operating effectiveness of ICFR.
• C) Key accounts and transactions to be selected for testing.
• D) Violations of regulations applicable to the company's activities.

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Definitions:

Constitutionality

The quality of being in accordance with a country's constitution or being permissible under its supreme law.

Executive Order

An executive order is a directive issued by the President of the United States that manages operations of the federal government.

Judicial Review

The power of courts to review the actions of executive or legislative bodies to ensure they comply with the constitution or other standards.

Arbitration

The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision. The decision may or may not be legally binding.