The document is a test result summary that shows the learner Ashan Silva passed an FFAC Chapter 9 completion test on March 7, 2015 with a score of 9 out of 10 and a time spent of 3 minutes and 44 seconds. The summary lists the 10 questions in the test, the scores received for each question, and any relevant notes.

1. Learner: Ashan Silva
Test Name FFAC Chapter 9 Completion Date 2015-03-07T02:23:18
Score 9.0 of 10.0 (90.00%) Timespent 00:03:44
Result Passed
Question Result / Notes
Order Name Score Notes
1 The ___________________ (choose below)
is a detailed explanation from management
on the performance of the company for the
past year, its financial condition, and its
future prospects. It is intended as an aid to
the shareholders to understand the financial
reports and to discuss internal and external
factors that have a significant impact on the
operations and the financial well-being of
the company. It includes discussions about
key business activities and decisions,
operational changes that improve the
performance of the organization, and the
financial results.
1.0
2 When an auditor issues a going concern
qualification, the
1.0
3 The letter to shareholders typically appears 0.0
4 Management's assessment regarding the
future prospects of the company is
presented in the
1.0
5 Which are the four primary financial
statements that must appear in an annual
report of a publicly traded company?
1.0
6 The letter to the shareholder is a summary
of
1.0
7 By not issuing a going concern qualification,
the auditor
1.0
8 The responsibility for instituting and
maintaining effective internal controls over
the financial reporting process rests with the
1.0
9 Environmental liabilities are presented and
discussed in the
1.0
10 If an auditor determines that an entity is no
longer a going concern, it should
1.0
Question Notes
Printed on: 3/7/2015