Circumstances Where an "Other Matter" Paragraph May Be Necessary Include

question 24

Multiple Choice

Circumstances where an "other matter" paragraph may be necessary include

• A)the paragraph is relevant to management's understanding of the audit
• B)the paragraph is relevant to the user's understanding of the auditor's responsibilities or the auditor's report
• C)the paragraph explains that the reporting is done on more than one set of financial statements
• D)the paragraph explains that the reporting is done on more than one entity
• E)the paragraph explains that the opinion pertains to more than one set of financial statements
• F)both A and B
• G)both B and C
• H)both D and E

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Definitions:

Cosmetics

Substances or products used to enhance or alter the appearance or fragrance of the body.

Biological Products

Products derived from living organisms, including vaccines, blood components, allergenics, and cellular and gene therapies, used in healthcare.

Organizational Ethics

The principles and standards that guide behavior within the context of a specific organization.

Financial Performance

A measure of how well a company can use assets from its primary mode of business to generate revenues.