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Symbol B most likely represents:
Suggested Answer: A
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Choice 'a' is correct. The auditor's report on compliance and on internal control over financial recording (based on an audit) must include the scope of testing of compliance and internal control.
Choice 'b' is incorrect. Material indications of illegal acts are not only reported to the members of the governing body of the audited entity and their senior staff officials but, in some circumstances, auditors should report illegal acts directly to external parties (such as the grantor agency).
Choice 'c' is incorrect. Although GAO standards require that the auditor communicate information regarding the nature, timing and extent of planned testing to officials of the audited entity and to individuals contracting for the audit, reporting of all changes is not required. (For example, immaterial changes to the audit program need not be reported.)
Choice 'd' is incorrect. Certain privileged or confidential information may be prohibited from general disclosure and should not be included in the audit report. The report should, however, disclose the nature of the information omitted and the requirement that makes an opinion necessary.
44 comments · newest first
MI
Mitsue
10 months ago
Surprised that people think B isn't customer checks!
AR
Art
11 months ago
Really? I thought B could be sales invoices.
ER
Ernie
11 months ago
Totally agree, B makes sense for receiving reports!
FE
Felix
11 months ago
A is customer orders, not B.
HE
Herman
11 months ago
I think B is definitely receiving reports.
AM
Amber
12 months ago
I thought B was about customer checks, but now I'm second-guessing myself after reviewing the options.
VI
Vincenza
12 months ago
I feel like we had a practice question that linked B to sales invoices, but I could be mixing it up with another symbol.
JA
Jacquline
12 months ago
I remember discussing customer orders in relation to symbols, but I can't recall if that was specifically for B.
AR
Ardella
1 year ago
I think Symbol B might be for receiving reports, but I'm not entirely sure. We covered something similar in class.
LE
Lenna
1 year ago
Alright, this is a tricky one. I'm going to eliminate the options that don't seem as likely, like customer checks and sales invoices. Then I'll weigh the remaining two - customer orders and receiving reports - and go with the one that feels more plausible based on the context. Gotta be strategic on these exam questions!
WE
Wenona
1 year ago
Okay, let's see. Customer orders, receiving reports, customer checks, sales invoices - I'm leaning towards receiving reports since that seems the most likely to be represented by a single letter symbol. But I'll double-check my reasoning before submitting.
SH
Shawnta
1 year ago
Hmm, I'm not totally sure about this one. The options all seem plausible, but I'm not 100% confident in my answer. I'll have to think it through carefully before selecting an option.
VA
Van
1 year ago
This one seems pretty straightforward. The question is asking what symbol B most likely represents, and the options are all related to common business documents, so I'll go with the one that makes the most sense - receiving reports.
LE
Leanna
1 year ago
I'm a little confused here. The question doesn't specify if this was the baby's first visit or a follow-up. That could impact the appropriate code. I'll need to re-read the details carefully before deciding.
OL
Olene
1 year ago
Wait, I'm not sure if this is considered scope creep or not. The question mentions the project manager is removing the extra features, so I'm not sure if that counts as scope creep. I'll have to re-read the question carefully.
DA
Daniel
1 year ago
I'm pretty sure the symbol B actually represents 'Balance the books before the auditor arrives.'
EL
Elenor
1 year ago
The symbol B is clearly a secret code for 'Bring more donuts to the office.' Doesn't everyone know that?
BU
Bulah
1 year ago
CusSuzaner orders? Really? That's the most boring choice on the list. I'm going to go with the wild card and pick D. Sales invoices!
LE
Lenita
1 year ago
Let's see, I'll go with receiving reports just to mix it up.
LA
Latricia
1 year ago
Customer orders seems too obvious, I'm sticking with sales invoices.
GA
Gabriele
1 year ago
I'm not so sure, I think it might be customer checks.
FR
Franchesca
1 year ago
I think Symbol B represents sales invoices too.
IL
Iluminada
1 year ago
B has got to be the right answer. I mean, what else would that mysterious symbol stand for?
EL
Eleonore
1 year ago
I agree, B) Receiving reports seems like the best fit.
FI
Filiberto
1 year ago
I think it could also be D) Sales invoices.
GA
Garry
1 year ago
A) Customer orders.
SU
Suzan
1 year ago
I'm going with C. CusSuzaner checks just seems like the most reasonable answer to me.
LE
Leonida
1 year ago
I agree with you, C does seem like the most reasonable answer.
RA
Ranee
1 year ago
I'm leaning towards A. Customer orders seem like a common symbol in business.
MA
Maryrose
1 year ago
I think it's D. Sales invoices make more sense in this context.
PE
Pearly
1 year ago
I'm not sure, but B) Receiving reports could also be a possibility.
AR
Arthur
1 year ago
I agree with you, C) Customer checks makes the most sense.
HI
Hildegarde
1 year ago
I'm leaning towards D) Sales invoices.
JA
Jamey
1 year ago
I think it's A) Customer orders.
LA
Lavera
1 year ago
I'm not sure, but I think it could also be sales invoices. It depends on the context.
AJ
Aja
2 years ago
Hmm, receiving reports sounds like the most logical option here. I bet the symbol represents some kind of internal business document.
VA
Val
1 year ago
I'm not sure, but I think customer checks could also be a possibility.
AR
Ardella
1 year ago
Yeah, I can see why you would think that. But I still think it's sales invoices.
PE
Pete
1 year ago
Yeah, I think it's definitely related to internal documentation.
BA
Barrett
1 year ago
I think it could also be customer orders, but receiving reports makes more sense.
FL
Flo
1 year ago
I agree, receiving reports seems like the best fit for symbol B.
BE
Bernardine
1 year ago
I agree, receiving reports seems like the most logical choice.
TA
Tamekia
2 years ago
I agree with Shonda, customer orders make the most sense for symbol B.
SH
Shonda
2 years ago
I think symbol B represents customer orders.