Author Question: Which of the following isnottrue regarding the purpose of an audit performed on a set of financial ... (Read 150 times)

vowens · **on:** Aug 21, 2022

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

risolinick@gmail.com · **Reply #1 on:** Aug 21, 2022

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