Which of the following is not an inherent limitation in an auditor's ability to detect material misstatements relating to a client's compliance with laws and regulations?
a. Laws and regulations often relate to operational issues within the entity that do not necessarily relate to the financial statements, so the information systems relating to financial reporting may not capture noncompliance.
b. The legal implications of noncompliance are ultimately a matter for legal authorities to resolve, and are not a matter about which the auditor can resolve.
c. Management may act to conceal noncompliance, or may override controls, or may intentionally misrepresent facts to the auditor.
d. Auditors are not required to consider the applicable legal and regulatory frameworks that apply to the entity.
d
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Designing research procedures that produce reliable marketing data means that
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What is good-value pricing?
What will be an ideal response?
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a. joint advertising b. public service advertising c. sales promotion d. publicity e. personal marketing