One of the duties of an audit committee is to provide financial information at first to the board of director for taking appropriate decision which is in the favor of organization. The qualitative aspects of financial information include ________________.a.Not only providing financial data but adding recommendations for board of directorsb.All of the optionsc.Providing non-financial data for getting insightsd.Financial data of past and present years

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Answered: One of the duties of an audit committee…

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 19MCQ

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One of the duties of an audit committee is to provide financial information at first to the board of director for taking appropriate decision which is in the favor of organization. The qualitative aspects of financial information include ________________.

Not only providing financial data but adding recommendations for board of directors

All of the options

Providing non-financial data for getting insights

Financial data of past and present years

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