17 1. By providing reasonable level of assurance on audit reports on financial statements, the auditor Group of answer choices Confirms the accuracy of the financial statements. Assures the readers that fraudulent activities have been detected. Enhances the credibility of the financial statements Guarantees the fair presentation of the financial statements
17
1. By providing reasonable level of assurance on audit reports on financial statements, the auditor
Group of answer choices
Confirms the accuracy of the financial statements.
Assures the readers that fraudulent activities have been detected.
Enhances the credibility of the financial statements
Guarantees the fair presentation of the financial statements
2. Since assurance engagements are executed on a sampling basis, absolute assurance is not attainable.
II. In limited assurance engagements, a negative form of conclusion is signed off by a practitioner.
Group of answer choices
Statement I is true; Statement II is false.
Both statements are true.
Statement I is false; Statement II is true.
Both statements are false.
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