Which of the Following Is not an Underlying Premise of an Audit

question 19

Multiple Choice

Which of the following is not an underlying premise of an audit?

• A)Management must provide the auditor with all information relevant to the preparation and fair presentation of the financial statements.
• B)Management and the auditors have responsibility for the preparation of financial statements in accordance with the applicable financial reporting framework.
• C)Where appropriate,the auditor may obtain information from those charged with governance.
• D)The auditors should be provided unrestricted access to those within the entity from whom the auditor determines it necessary to obtain audit evidence.

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Definitions:

Nonunionized Employees

Workers who are not members of a labor union and thus rely on individual agreements with their employers regarding work conditions, wages, and benefits.

Collective Agreement

A written contract negotiated between an employer and a labor union representing the workforce, outlining wages, hours, and conditions of employment.

Length of Service

The duration of time an employee has worked for a particular employer, usually considered in terms of years or other significant time units.

In-House Complaint Procedure

A formal mechanism within an organization for employees to report grievances or conflicts, typically involving HR mediation.