Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 19, Problem 29KOQ
To determine

Identify the report where the CPA should not express negative assurance.

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Which of the following statements is correct concerning an auditor’s responsibilities regarding financial statements?  A.  The fair presentation of audited financial statements in accordance with an applicable financial reporting framework is an implicit part of the auditor’s responsibilities B. An auditor’s responsibilities for audited financial statements are confined to the expression of the auditor’s opinion C. Making suggestions that are adopted about the form and content of an entity’s financial statements impairs an auditor’s independence D. The auditor’s report should provide an assurance as to the future viability of the entity
Which of the following information would be included in the introductory paragraph of the auditors’ report on internal control over financial reporting if the report is presented separately from the auditors’ report on the entity’s financial statements?a. The fact that the auditors conducted an audit of the entity’s financial statements.b. The definition of a material weakness in internal control over financial reporting.c. Statements identifying the responsibility of the auditors and management for internal control over financial reporting.d. A reference to the auditors’ report and opinion on the entity’s financial statements.
The official SSARS are applicable to engagements involvinga. Audited financial statements of public companies.b. Unaudited financial statements of public companies.c. Unaudited financial statements of nonissuers.d. Audited financial statements of nonissuers
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