KPMG is the auditor for a company under IESBA rules and cannot assume a management responsibility for the company. Which option below is NOT a management responsibility? 1)Presenting a report to a client’s board on behalf of management. 2)Benchmarking employee salaries against industry and market averages. 3)Monitoring internal controls for the company’s financial reporting. 4)Deciding which recommendations from another 3rd party to implemen
KPMG is the auditor for a company under IESBA rules and cannot assume a management responsibility for the company. Which option below is NOT a management responsibility? 1)Presenting a report to a client’s board on behalf of management. 2)Benchmarking employee salaries against industry and market averages. 3)Monitoring internal controls for the company’s financial reporting. 4)Deciding which recommendations from another 3rd party to implemen
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 29CYBK
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KPMG is the auditor for a company under IESBA rules and cannot assume a management responsibility for the company. Which option below is NOT a management responsibility?
1)Presenting a report to a client’s board on behalf of management.
2)Benchmarking employee salaries against industry and market averages.
3)Monitoring internal controls for the company’s financial reporting.
4)Deciding which recommendations from another 3rd party to implement.
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