Multiple Choice
The reporting standards require that the auditor explicitly report on whether the financial statements:
A) Contain adequate disclosure of all material matters.
B) Are in accordance with GAAP.
C) Used principles that are appropriate for the circumstances.
D) Were prepared on a consistent basis with the comparative year.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The assessment of materiality has a pervasive
Q8: The general standard of GAAS relates primarily
Q15: Auditors try to achieve independence in appearance
Q17: Which of the following statements is not
Q21: In planning an effective audit which of
Q22: Practice inspection is something a new auditor
Q23: Assurance standards require a sufficient understanding of
Q24: An external auditor is conducting an audit
Q25: Which of the following is the first
Q25: The concept of professional skepticism is based