Multiple Choice
Jones,CPA,is auditing the financial statements of XYZ Retailing,Inc.What assurance does Jones provide that direct effect noncompliance that is material to XYZ's financial statements and noncompliance that has a material but indirect effect on the financial statements will be detected?
A) Direct effect noncompliance: Reasonable; indirect effect noncompliance: none.
B) Direct effect noncompliance: Reasonable; indirect effect noncompliance: reasonable.
C) Direct effect noncompliance: Limited; indirect effect noncompliance: none.
D) Direct effect noncompliance: Limited; indirect effect noncompliance: reasonable.
Correct Answer:
Verified
Correct Answer:
Verified
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