Which of the Following Is NOT an Element of the Auditor's

question 74

Multiple Choice

Which of the following is NOT an element of the auditor's responsibility of the AICPA's auditor's report for nonpublic companies?

• A) States the auditor's responsibility to express an opinion on the financial statements
• B) States the audit provides reasonable assurance that the statements are free of material misstatement
• C) States audit provides reasonable basis for the opinion
• D) States the audit evaluates the overall financial statement presentation

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Definitions:

Criterion Variable

The dependent variable in a statistical analysis, which is predicted or explained by other variables.

Dependent Variable

A variable in experimental research that is expected to change as a result of manipulations to the independent variable.

Predictor Variables

Variables that are used in statistical models to predict outcomes of interest.

Criterion Variable

The variable that is predicted or explained in a study, often considered the outcome or dependent variable.