118-Since accounting information is used for decision making. As a result of financial manipulations, it is expected that the result might be unrealistic. Therefore, it is far necessary for the accounts department to show fair financial results which is only possible if a. Reputed audit firm is selected for audit b. A fair accountant is hired on this position c. A strong compliance with accounting standards d. None of the options
118-Since accounting information is used for decision making. As a result of financial manipulations, it is expected that the result might be unrealistic. Therefore, it is far necessary for the accounts department to show fair financial results which is only possible if a. Reputed audit firm is selected for audit b. A fair accountant is hired on this position c. A strong compliance with accounting standards d. None of the options
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 4CYBK
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118-Since accounting information is used for decision making. As a result of financial manipulations, it is expected that the result might be unrealistic. Therefore, it is far necessary for the accounts department to show fair financial results which is only possible if
a. Reputed audit firm is selected for audit
b. A fair accountant is hired on this position
c. A strong compliance with accounting standards
d. None of the options
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