The Auditor Must Evaluate Whether the Financial Statements Are Consistent

question 47

Multiple Choice

The auditor must evaluate whether the financial statements are consistent with the requirements of the applicable financial reporting framework for which of the following items?

• A)the accounting records adequately disclose the significant accounting policies used
• B)the accounting policies selected are consistent with the applicable financial reporting framework
• C)the accounting estimates made by management are predictable
• D)the information presented in the financial statements is relevant,reliable,comparable,and understandable
• E)the financial forecasts made by management are accurate
• F)both A and C
• G)both B and D
• H)both D and E

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Definitions:

Fear Of Strangers

an anxiety disorder characterized by an intense fear or apprehension when one is around or anticipates interaction with strangers.

Separation Anxiety

Emotional distress seen in individuals, especially children, due to being separated from familiar people or environments.

Distress

A negative emotional state caused by stress, characterized by feelings of anxiety, sorrow, or pain.

Separation Anxiety

a disorder characterized by excessive anxiety regarding separation from home or from those to whom the individual has a strong emotional attachment.