In order to communicate trust, members of management must be willing to allow employee communications to express dissent

If a company's external auditor expresses an unmodified opinion as a result of the audit of the company's financial statements, readers of the audit report can assume that

a. The external auditor found no fraud b. The company is financially sound and the financial statements are accurate c. Internal control is effective d. Material issues about the application of accounting principles were resolved to the satisfaction of the external auditor

A company should develop a new set of skills and strategies in each stage of the life cycle to remain competitive

Indicate whether the statement is true or false