When Performing a Review of a Nonpublic Company,the Auditors Must

question 5

Multiple Choice

When performing a review of a nonpublic company,the auditors must obtain in a representation letter acknowledgement of management for its responsibility for each of the following except:

• A)Responsibility for identifying illegal acts committed by employees.
• B)Responsibility for the financial statements conforming with generally accepted accounting principles.
• C)Responsibility to prevent and detect fraud.
• D)Knowledge of any actual or suspected fraud that is material.

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Definitions:

Gender-typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes of members of the sex they identify with.

Gender Stereotypes

Preconceived generalizations about male or female role behavior.

Sexism Schema

A cognitive structure that includes attitudes, beliefs, and expectations regarding gender roles and stereotypes.

Androgynous

A term describing a person or characteristic that blends or does not conform to typical masculine or feminine traits, often in relation to appearance or behavior.