Auditors Communicate Audit Results to Users Concerning a Company's Financial

question 43

Multiple Choice

Auditors communicate audit results to users concerning a company's financial statements by:

• A) issuing a report on the effectiveness of ICFR.
• B) issuing the financial statements.
• C) issuing a report about the financial statements.
• D) None of the above.

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Definitions:

Legitimate Power

Power that is officially sanctioned by an organization or institution, and is accepted by members as rightly exercised.

Reward Power

The ability of a person to influence others' actions, behaviors, or attitudes by offering them something desirable.

Salary Raises

Incremental increases in wages given to employees, typically as a reward for performance, tenure, or to adjust for market conditions.

Competence

The ability to perform work tasks successfully.