Which of the Following Is Not One of the Responsibilities

question 9

Multiple Choice

Which of the following is not one of the responsibilities of an auditor under the principles underlying an audit?

• A)Possess appropriate competence and capabilities
• B)Comply with ethical requirements
• C)Plan work and supervise assistants
• D)Maintain professional skepticism and exercise professional judgment

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, making them owners of a part of the company.

Articles of Incorporation

Legal documents filed with a government body to legally document the creation of a corporation, outlining key aspects and regulations of the corporate structure.

Articles of Consolidation

Legal documents filed to formalize the merger of two or more corporations, resulting in a single legal entity.

Consolidation

The act of combining multiple entities, assets, or financial statements into a single entity, often for strategic, efficiency, or financial reasons.