Critical Reasoning (CR) | CEO: As required by Company Law, we employ Independent External Audito

CEO: As required by Company Law, we employ Independent External Auditors to audit our financial statements, but surprisingly, there is good reason to believe that the financial reports made by these auditors after their scrutiny of our financial statements are often inaccurate. Several times when the reports by these Independent Auditors were scrutinized by our company’s reliable accounts officer, there were a number of grave discrepancies.

The CEO’s reasoning relies on which of the following assumptions?

A. An absence of discrepancies in the financial reports cannot be due to a deliberate justification of inaccurate figures.
B. A scrutiny of the financial reports by the company’s accounts officer is unlikely to be less accurate than that of the Independent Auditors.
C. Auditors, independent or otherwise, can be trained so that they scrutinize financial statements more carefully than they usually do.
D. The discrepancies in the financial reports made by Independent Auditors do
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Statistics : Posted by Snehaaaaa • on 15 Oct 2023, 06:48 • Replies 0 • Views 38

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