If Material Fraud Perpetrated by Management Is Discovered by the Auditor,the

question 55

Multiple Choice

If material fraud perpetrated by management is discovered by the auditor,the nature of the fraud should always be reported directly to:

• A)the PCAOB
• B)the SEC
• C)the FBI
• D)the audit committee of the company

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Definitions:

Biosphere Reserve

Areas designated under UNESCO’s Man and the Biosphere Programme to promote sustainable development by combining scientific research, conservation, and education.

Ecotourism

A form of tourism that focuses on the conservation of natural environments and the improvement of the well-being of local people.

Hunting

The activity of pursuing and killing or capturing wildlife or feral animals, primarily done by humans for food, recreation, or trade.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, potentially harming human health and ecological systems.