If the Auditor Obtains Knowledge About Subsequent Events That Might

question 84

Multiple Choice

If the auditor obtains knowledge about subsequent events that might have a material and adverse effect on the internal control over the financial reporting process,he should

• A)issue an adverse opinion on the effectiveness of internal controls over financial reporting
• B)not consider the information as the subsequent period is beyond the reporting period
• C)include this information in an "other matters" paragraph
• D)include this information in an "emphasis of a matter" paragraph

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Definitions:

Quantitative

Pertaining to the measurement or quantity of something, often involving statistical, mathematical, or numerical data analysis.

Exploratory Research

Exploratory research is a methodological approach that aims to investigate a problem or topic that is not well understood, often to formulate more precise questions or hypotheses.

Participant-observation

A qualitative research method in which the researcher becomes involved in the community or context being studied while observing its dynamics.

Sociological Research

The systematic study of social behavior, structures, and functions, utilizing various methods to collect and analyze data to understand and explain social phenomena.