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: $\begin{array}{lcc} & \text { Errors } & \text { Misappropriation of Assets } \\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes } \\\text { D) } & \text { No } & \text { No }\end{array}$

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