Which of the Following Is Not True of "Reasonable Assurance

question 46

Multiple Choice

Which of the following is not true of "reasonable assurance"?

• A) The auditors have exercised due care
• B) The audit opinion is a guarantee that material misstatements have been identified
• C) The audit has been properly planned and supervised
• D) The auditors have followed GAAS

---

Definitions:

Wrongful Discharge

Termination of an employee in a manner that breaches one or more terms of the contract of employment or a statute provision in employment law.

Discovery

The process by which parties to a civil suit search for information relevant to the case.

FICA

The Federal Insurance Contributions Act, a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare.

Monthly Wage Base

The total amount of money earned by an employee in a month before deductions.