Our audit opinion states the financial statements are presented fairly. What does "fairly" mean? Free of consequential error or fraud. Free of major inaccuracies. Free of material misstatement. Free of significant mistakes.

Our audit opinion states the financial statements are presented fairly. What does "fairly" mean? Free of consequential error or fraud. Free of major inaccuracies. Free of material misstatement. Free of significant mistakes.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: A Framework For Audit Evidence

Section: Chapter Questions

Problem 9TFQ

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Our audit opinion states the financial statements are presented fairly. What does
"fairly" mean?
Free of consequential error or fraud.
Free of major inaccuracies.
Free of material misstatement.
Free of significant mistakes.

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