An Auditor Issues an Audit Report That Expresses Three Opinions

question 67

Multiple Choice

An auditor issues an audit report that expresses three opinions.Which of the following is not one of those opinions?

• A)whether management's assessment of the company's internal control over its financial reporting is appropriate
• B)whether management's assessment that the financial statements are based upon the proper use of GAAP
• C)whether the company maintained effective internal control over its financial reporting
• D)whether the company's financial statements present fairly the results of operations and cash flows in conformity with GAAP

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Definitions:

Original Jurisdiction

The power to decide a case as a trial court.

Diversity Jurisdiction

A principle in federal jurisdiction in the United States allowing federal courts to hear lawsuits involving parties from different states or countries where the matter in controversy exceeds a statutory amount.

Exclusive Jurisdiction

The sole authority of a particular court or legal body to hear and decide on cases within a specific area of law or geographic location.

Long-Arm Statute

Legislation that allows a court to exercise personal jurisdiction over individuals or entities that have conducted certain activities within its jurisdiction.