The Auditor Should Complete the Assembly of the Final Audit

question 67

Multiple Choice

The auditor should complete the assembly of the final audit file within 45 days of the report release date (60 days for private companies) .After the 45/60 day time period

• A)the auditor should not delete or discard any information from the file
• B)new information can be added if necessary if accompanied by management's approval for the addition
• C)new information can be added if necessary if accompanied by the name of the person adding the information
• D)new information can be added if necessary if accompanied by the reissuance of the audit report
• E)new information can be added if necessary if the information was inadvertently omitted during the course of the audit
• F)both A and C
• G)both A and E

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Definitions:

Net Efficiency

A measure of the effectiveness of an operation, typically calculated as the ratio of useful output to total input, factoring in losses and waste.

Remittances

Money sent by migrants to their home country, often to support family members.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location.

Wage Equalization

The concept of aligning wages or salaries across different regions, industries, or roles to achieve fairness and balance.