Which of the Following Is a Factor That Creates a Need

question 115

Multiple Choice

Which of the following is a factor that creates a need for an independent auditor's assessment of the financial statement presentation?

• A)Complexity of transactions affecting the financial statements.
• B)Lack of criteria on which to base information.
• C)Remoteness of the user from the organization.
• D)Both A and C.

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Definitions:

Higher Rates of Divorce

An increase in the proportion of marriages that end in divorce, often considered indicative of changes in societal attitudes or conditions.

Lower Occupational Attainment

A term referring to achieving lower levels of success or status in one's profession compared to one's peers, potential, or expectations.

Sexually Transmitted Diseases

Infections that are primarily spread through sexual contact; also known as sexually transmitted infections (STIs).

Conduct Disorder

A psychological condition identified during childhood or teenage years, marked by ongoing behavioral patterns that infringe on others' rights or significantly deviate from accepted societal standards.