Which of the Following Was an Observation or Recommendation by Justice

question 26

Multiple Choice

Which of the following was an observation or recommendation by Justice Owen in the HIH Royal Commission Report?

• A)audit reports should be addressed to shareholders.
• B)auditor independence is not a critical element in establishing the credibility of an auditor's report.
• C)boards of directors should establish an audit committee.
• D)an independent and objective audit,conducted with an appropriate degree of professional scepticism,is required.

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Definitions:

Meditation

A practice where an individual uses a technique such as mindfulness or focusing the mind on a particular object, thought, or activity to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

Nominal Fallacy

The incorrect belief that naming or labeling something explains it or understanding its label provides understanding of its nature.

Circular Reasoning

A logical fallacy in which the conclusion is included in the premise, offering no actual proof or argument.

Logical Fallacy

An error in reasoning that renders an argument invalid.