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The Auditor of Financial Statements Must Make Very Difficult Interpretations

Question 71

Multiple Choice

The auditor of financial statements must make very difficult interpretations regarding authoritative literature.Additionally,the auditor must


A) consider whether the application of a generally accepted accounting principle best portrays the economic activity of the company.
B) force management to make certain decisions regarding their financial statements.
C) disregard independence in order to find the underlying truth of the evidence.
D) establish new criteria by which financial statements may be compared.

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