Which of the following is not explicitly included in an audit report for a nonpublic company?
A. A statement that the financial statements are the responsibility of management.
B. A title with the word "independent."
C. A statement that the auditor believes that the audit provides a reasonable basis for expressing negative assurance.
D. A statement that the auditor's responsibility is to express an opinion on the financial statements.
Answer: C
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Which of the following statements is correct regarding partnerships?
A) Accounting for a partnership is similar to accounting for a sole proprietorship. B) If the partnership assumes a liability related to an asset invested in the partnership, the asset is debited, the partner's capital account is credited and a liability account is credited. C) It is necessary to maintain separate Capital and Withdrawals accounts for each partner. D) All of these choices.
Which of the following major focuses of resistance to change asks the question, “What will I gain or lose?”
a. self b. others c. work environment d. beliefs
Logistics outsourcing refers to a practice in which third-party logistics providers (3PL) manage some of the ______.
A. logistics functions B. manufacturing functions C. marketing functions D. human resources functions
What does OLI stand for in Dunning’s framework, according to which all three aspects must be present for an MNE to appear?
a. Ownership; Location; Internalization b. Organization; Leadership; Innovation c. Ownership; License; Innovation d. Organization; Localization; Internationalization