The Auditor's Opinion Is Expressed in Reference to the Financial

Multiple Choice

The auditor's opinion is expressed in reference to the financial statements as a whole. This means that the auditor must:

A) not be overly concerned about individual amounts on the financial statements,
B) consider whether the firm has made a profit or a loss
C) consider whether the statements create an impression that is consistent with the auditor's intimate knowledge of the entity and its financial condition.
D) decide whether the statements are a complete set of financial statements as required by Accounting Standards.