The Reporting section of the "Principles Underlying an Audit" is concerned with:

A. proper planning and supervision, appropriate materiality levels, and sufficient appropriate audit evidence.
B. complying with ethical requirements, appropriate competence and maintaining professional skepticism.
C. whether the auditor has unrestricted access to those within the entity from whom the auditor needs to obtain audit evidence.
D. the auditor expressing an audit opinion in accordance with the auditor's findings, whether the financials are presented fairly, and whether the financial are in accordance with the applicable financial reporting framework.


Answer: D

Business

You might also like to view...

A department may accumulate gross profit information by maintaining

a. separate general ledger accounts for each element (account); b. one general ledger account for each element (account); c. a master chart of accounts for the business; d. both A and B; e. none of these

Business

Explain the simplest negotiation form, a negotiating dyad.

What will be an ideal response?

Business

The period of a note is the time from the note's (contract) date to its maturity date.

Answer the following statement true (T) or false (F)

Business

U.S. courts have been reluctant to restrict gray market competition in situations where the product's quality being introduced to the home market is indistinguishable from its native counterpart

Indicate whether the statement is true or false

Business