According to Auditing Standards,reportable Matters ________

question 13

Multiple Choice

According to auditing standards,reportable matters ________.

• A)must be searched for by auditors
• B)must be reported by auditors if they come to their attention
• C)may only be reported to management
• D)may be reported on verbally or in writing

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Definitions:

Practicality

The aspect of being realistic, feasible, and focused on what is achievable and sensible in real-world situations.

Financial Viability

The ability of an entity to generate sufficient income to cover its expenses and sustain its operations over time.

Comprehensive Impact

The wide-ranging effects or outcomes of an action or event, covering all aspects and consequences.

Top-Down Change

The change initiatives come from senior management.