An Auditor Has Uncovered Suspicious Expense Reimbursements Paid to the Chief

question 28

Multiple Choice

An auditor has uncovered suspicious expense reimbursements paid to the chief executive officer of its audit client.What should the auditor do?

• A)Discuss the matter with the chief executive officer.
• B)Report the matter in writing to the chief financial officer.
• C)Report the matter in writing to the audit committee.
• D)Report the matter in writing to the federal government.

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Definitions:

Standard Normal Distribution

A bell-shaped distribution with a mean of zero and a standard deviation of one, used as a reference in statistical analysis.

Normal Distribution

A bell-shaped distribution where data is symmetrically distributed around the mean, with most values clustering around a central region.

Normally Distributed

A balanced distribution of probability about the mean, showing a higher occurrence rate for data near the mean compared to data far away.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used in hypothesis testing and other statistical analyses.