Which of the Following Representations Does an Auditor Make Explicitly

question 39

Multiple Choice

Which of the following representations does an auditor make explicitly and which implicitly when issuing an unqualified opinion on a public company's financial statements? $$\begin{array} { | c | c | c | } \hline & \text { Conformiy with PCAOB Standards } & \text { Adequacy of disclosure } \\\hline \text { A. } & \text { Explicitly } & \text { Explicitly } \\\hline \text { B. } & \text { Implicitly } & \text { Implicitly } \\\hline \text { C. } & \text { Implicitly } & \text { Explicitly } \\\hline \text { D. } & \text { Explicitly } & \text { Implicitly } \\\hline\end{array}$$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Human Resource Demands

The requirements or needs for human capital within an organization to meet its operational and strategic objectives.

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Union Contracts

Agreements negotiated between employers and labor unions that outline wages, working conditions, and other employment terms for the workers represented by the unions.

Human Resource Planning

Strategic alignment of an organization's human resources with its business goals, including workforce planning, recruiting, and training.