If Information Is Included the Audit Report Relating to a Discrepancy

question 1

Multiple Choice

If information is included the audit report relating to a discrepancy between a company's MD & A and comparative information from other periods, it would appear in a(n) ________ paragraph.

• A) Scope
• B) Other Matter
• C) Opinion
• D) Emphasis of Matter

---

Definitions:

Investing Activities

Financial actions related to acquiring and disposing of non-current assets and investments, a critical part of a company's capital allocation strategy.

Treasury Stock

Stock that a corporation has issued and then reacquired.

Statement of Cash Flows

A financial report that provides aggregated data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Operating Activities

Operating activities involve the primary day-to-day functions of a business related to producing and selling its goods and/or services, reflected in the cash flow statement.