Whist Judgement Is Required to Distinguish Between a Reporting Entity

question 63

Multiple Choice

Whist judgement is required to distinguish between a reporting entity and a non-reporting entity, it is expected that a reporting entity will include:
I. government departments
II. small-medium proprietary companies
III. statutory authorities
IV. public companies

• A) I and III only
• B) II, III and IV
• C) I, III and IV
• D) II and IV

---

Definitions:

Low-Cost

Describing products, services, or strategies that require minimal financial outlay.

High-Risk

Situations or decisions characterized by a high possibility of loss, failure, or negative outcomes, requiring careful assessment and management.

Influence Tactics

Strategies or actions used by individuals or groups to persuade or direct the behavior or decision-making of others towards a desired outcome.

Ethical and Honest

Behaviors and practices that are morally right, characterized by fairness, transparency, and integrity.