The Auditor Has Specific Audit Responsibilities When He Issues an Audit

question 54

Multiple Choice

The auditor has specific audit responsibilities when he issues an audit report on financial statements prepared in accordance with a financial reporting framework that is generally accepted in another country.These responsibilities apply only to audit reports issued on statements prepared in accordance with a financial reporting framework that has not been recognized by the council of the AICPA in the U.S.The financial reporting frameworks recognized in the U.S.include

• A)the Cost Accounting Standards Board
• B)the Financial Reporting Standards Board
• C)the American Accounting Standards Board
• D)the Federal Accounting Standards Advisory Board
• E)the International Accounting Standards Board
• F)both A and B
• G)both C and E
• H)Both D and E

---

Definitions:

Ethical Concerns

Issues related to morality, ethics, and the difference between right and wrong within a specific context, often arising in research, business, or medical practices.

Teacher's Opinion

The perspectives, judgments, or evaluations held by educators regarding students, educational practices, or pedagogical approaches.

Symmetrical Distribution

A situation in statistics where the values of a variable are distributed in a way that they show mirror-image consistency across the center point.

Skin Conductance

A measure of the electrical conductance of the skin, reflecting the sweat gland activity, often used as an indicator of emotional or physiological arousal.