When Management Chooses to Include Information in Its Report on ICFR

question 2

Multiple Choice

When management chooses to include information in its report on ICFR that is in addition to the information required to be provided,what should the auditor do?

• A)The auditor must endorse the information.
• B)The auditor must include the information as part of the opinion.
• C)The auditor will disclaim an opinion on that additional information.
• D)The auditor will present the information in a separate schedule in the footnotes.

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Definitions:

Kerala, India

A state located in the southwestern part of India, known for its significant achievements in human development, health, and education.

Malthusian Trap

A condition, proposed by Thomas Malthus, where excessive population growth leads to resource depletion, resulting in population checks through famine, disease, or war, preventing long-term societal advancement.

Population Growth

The increase in the number of individuals in a population, often measured by birth rate minus death rate, and influenced by factors like immigration and emigration.

Rural Community

A community located in non-urban areas, typically characterized by small populations, agriculture-based economies, and strong social ties.