After completing the audit report of Blair Corporation, but before delivering the audit report to the client, a tornado demolished the main production facility. In this case, what option is available to the auditor other than dual dating the report?
a. Use the original audit report date.
b. Go back to the client's office and extend testing to the date of the tornado, thereby taking responsibility for all events up to the date of the tornado.
c. Report the situation in the management representation letter.
d. Issue a scope limitation.
b
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Kotter’s 8-step model is an elaboration of the unfreeze-change-refreeze logic. Therefore, in which of the stages would Kotter’s steps of building the change and anchoring the change in the culture reflect?
a. unfreeze b. change c. anti-freeze d. refreeze
Unrealized holding gain denotes the difference between the
a. current replacement cost of the inventory and its acquisition cost. b. selling price of the inventory and its original acquisition cost. c. acquisition cost of the inventory and its net realizable value. d. selling price of the inventory and its net realizable value. e. none of the above.
A study had 218 leaders provide measures of their identity, and 935 subordinates rated the managers. This study found that
a. the leaders high on collective identity performed more altruistic behaviors, which resulted in them being rated higher on performance b. the leaders high on individual identity performed more altruistic behaviors, which resulted in them being rated higher on performance c. the subordinates were not accurate in estimating the leaders’ self-identity d. the effective leaders were better at assessing their subordinates’ identity
Kraft Foods produces millions of packages of Chips Ahoy cookies each year, but consumers only want to purchase one package at a time. This difference between the amount Kraft produces and the amount a consumer wants to buy is refer to as a:
A. discrepancy of quantity B. discrepancy of assortment C. spatial discrepancy D. temporal discrepancy E. discrepancy of possession