The auditor has considerable responsibility for notifying users as to whether or not the statements are properly stated. Considering the objective of PSA 200, this imposes upon the auditor a duty to Select one: a. be an insurer of the fairness in the statements. b. provide reasonable assurance that material misstatements will be detected. c. be equally responsible with management for the preparation of the financial statements. d. be a guarantor of the fairness in the statements.
The auditor has considerable responsibility for notifying users as to whether or not the statements are properly stated. Considering the objective of PSA 200, this imposes upon the auditor a duty to Select one: a. be an insurer of the fairness in the statements. b. provide reasonable assurance that material misstatements will be detected. c. be equally responsible with management for the preparation of the financial statements. d. be a guarantor of the fairness in the statements.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter15: Audit Reports For Financial Statement Audits
Section: Chapter Questions
Problem 23CYBK
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The auditor has considerable responsibility for notifying users as to whether or not the statements are properly stated. Considering the objective of PSA 200, this imposes upon the auditor a duty to
Select one:
a. be an insurer of the fairness in the statements.
b. provide reasonable assurance that material misstatements will be detected.
c. be equally responsible with management for the preparation of the financial statements.
d. be a guarantor of the fairness in the statements.
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