Audits of Financial Statements Are Designed to Obtain Reasonable Assurance

Multiple Choice

Audits of financial statements are designed to obtain reasonable assurance of detecting material misstatements due to: $\begin{array}{lll}&\text { Errors } & \text { Misappropriation of Asset: } \\\text { A. } & \text { Yes } & \text { Yes } \\\text { B. } & \text { Yes } & \text { No } \\\text { C. } & \text { No } & \text { Yes } \\\text { D. } & \text { No } & \text { No }\end{array}$
 

A) Option A
B) Option B
C) Option C
D) Option D