In Addition to the Requirements of ASA and the ISA

question 7

Multiple Choice

In addition to the requirements of ASA and the ISA standards, the Corporations Act also prescribes the auditor's reporting duties. Which of the following does not constitute one of those duties?

• A) forming an opinion on whether the financial statements are presented fairly.
• B) forming an opinion as to whether financial records have been kept to enable the preparation and audit of the financial statements
• C) forming an opinion that all information, explanation and assistance necessary for the conduct of the audit have been provided.
• D) forming an opinion that the records and registers have been kept as required by law

---

Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Mere Exposure Effect

An occurrence in psychology where individuals often favor items or concepts just because they are accustomed to them.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, with the association formed between behavior and its consequences.

Praises

Expressions of approval or admiration towards someone or something, often used as a form of encouragement or recognition.