If Management Makes Appropriate Adjustments,but Does Not Take Appropriate Steps

question 45

Multiple Choice

If management makes appropriate adjustments,but does not take appropriate steps to modify internal control in order to rectify the problem of fraud discovered in a financial statement audit,the decision has a direct impact on:

• A)the audit opinion on the financial statements.
• B)the client company's stock price.
• C)the auditor's perception of the overall control environment.
• D)all previous work performed by the auditor for competing companies.

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Definitions:

Nutritional State

The status of an individual's health as it relates to the intake and utilization of nutrients, which can affect overall health and disease susceptibility.

Evolution

The sequence through which assorted life forms are speculated to have evolved and expanded from former states during the historical timeline of the planet.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into tissues.

Genetically Determined

Traits or characteristics that are influenced by genes inherited from parents.