AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
Question
Book Icon
Chapter 18, Problem 18.19MCQ
To determine

Introduction:

‘Other information’ refers to information other than the financial statements which is presented in the annual reports of the company.

Such ‘other information’ contains all the details presented in the annual report ranging from director’s report to future outlook or assessment of company made in the annual report of the company.

The auditor has no obligation regarding ‘other information’, however, is bound by professional auditing standards and best practices to go through such information and ensure that no inconsistency is observed in such information with the presented financial statements.

To select: The correct option.

Blurred answer
Students have asked these similar questions
Professor Brown has just retired after 25 years with Jessup University. Her total pension funds have an accumulated value of $504,000, and her life expectancy is 25 more years. Her pension fund manager assumes he can earn a 9 percent return on her assets. What will be her yearly annuity for the next 25 years?
Caroline Moore has a contract in which she will receive the following payments for the next four years: $10,000, $11,000, $9,000, and $8,000. She will then receive an annuity of $13,000 a year from the end of the 4th through the end of the 10th year. The appropriate discount rate is 11 percent. What is the percent value of all future payments?
Nick Weber wants to have $120,000 at the end of 10 years, and his only investment outlet is an 8 percent long-term certicate of deposit (compounded annually). With the certificate of deposit, he made an initial investment at the beginning of the year year. How much does Nick need to deposit to get the $120,000 at the end of 10 years. a. What amount could Nick pay at the end of each year annually for 10 years to achieve this same objective?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Text book image
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub
Text book image
Contemporary Auditing
Accounting
ISBN:9781337650380
Author:KNAPP
Publisher:Cengage
Text book image
Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning