Assessing Disclosures Does Not Require Reasonable Assurance of Which of the Following

question 69

Multiple Choice

Assessing disclosures does not require reasonable assurance of which of the following?

• A)The disclosures are understandable to users.
• B)Disclosed events and transactions have occurred and pertain to the entity.
• C)All material and immaterial disclosures have been reported.
• D)The information is disclosed accurately and at appropriate amounts.

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Definitions:

Stakeholders

Individuals, groups, or organizations that have an interest or concern in an organization's activities, decisions, and success, including employees, customers, suppliers, and investors.

Attraction-Selection-Attrition (ASA) Theory

A theory in organizational psychology that explains how organizations tend to attract, select, and retain individuals with similar personalities and values.

Organizational Members

Individuals who are part of an organization, including both management and non-management staff, contributing to its culture, goals, and outcomes.

Values

Core beliefs or principles that guide and motivate attitudes and actions in individuals and organizations.