Which of the Following Statements Pertaining to the Audit Function

question 35

Multiple Choice

Which of the following statements pertaining to the audit function is incorrect?

• A) The primary responsibility for the information in the financial statements lies with the auditors.
• B) The audit report describes the auditor's opinion of the fairness of the financial statements.
• C)An audit ensures that the financial statements conform to generally accepted accounting principles.
• D)The auditor does not examine every transaction an entity incurreD.The primary responsibility for the information in the financial statements lies with the management.

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Definitions:

MOV Instruction

A command in various programming languages that copies data from one location to another.

LED Display

An electronic display technology that uses light-emitting diodes to visually convey information, such as numeric readouts or alphanumeric text.

Rung(s)

Logical levels in a ladder diagram, representing a series of connected electrical elements in control programming, like those in a PLC (Programmable Logic Controller).