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Author Question: Which of the following isnottrue regarding the purpose of an audit performed on a set of financial ... (Read 159 times)

vowens

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Question 1

Which of the following is not one of the responsibilities of an auditor under the principles underlying an audit of financial statements?
◦ possess appropriate competence and capabilities
◦ comply with relevant ethical requirements
◦ plan work and supervise assistants
◦ maintain professional skepticism and exercise professional judgment

Question 2

Which of the following is not true regarding the purpose of an audit performed on a set of financial statements in accordance with generally accepted auditing standards?
◦ to provide users of the financial statements with an opinion on the financial statements
◦ to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them
◦ to provide financial statement users with an opinion on whether the financial statements are presented fairly or not
◦ to provide financial statement users with an opinion in accordance with the applicable financial reporting framework


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Marked as best answer by vowens on Aug 21, 2022

risolinick@gmail.com

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vowens

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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