The Auditor Need Not Inform the Audit Committee About Adjustments

question 54

True/False

The auditor need not inform the audit committee about adjustments arising from the audit that were considered to be material.

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Definitions:

Organizational Commitment

An individual's psychological attachment to an organization, reflecting their loyalty and the extent of their identification with the organization's goals.

Abilities

The natural talents and acquired skills that individuals possess, which enable them to perform specific tasks or engage in particular activities effectively.

EVLN Model

A framework describing four different responses employees might have to dissatisfaction at work: Exit, Voice, Loyalty, and Neglect.

Dissatisfied

A state of feeling unfulfilled or unhappy with a situation, product, or service, often leading to complaints or seeking alternatives.