After the Auditor Has Completed All the Procedures,it Is Necessary

question 37

Multiple Choice

After the auditor has completed all the procedures,it is necessary to combine the information obtained to reach an overall conclusion as to whether the financial statements are fairly presented.This is a highly subjective process that relies heavily on

• A)generally accepted auditing standards.
• B)the provincial institutes' Rules of Professional Conduct.
• C)generally accepted accounting principles.
• D)the auditor's professional judgment.

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Definitions:

Human Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy, often considered the ultimate goal or purpose in human life and a key measure of life satisfaction.

Virtue Ethics

An ethical theory that emphasizes the role of an individual's character and virtues in evaluating the morality of actions.

Action Guidance

Advice or instructions intended to direct or influence the decisions and actions of individuals or groups.

Justifications

Reasoning or arguments presented to show that actions or decisions were reasonable or necessary under the circumstances.