In the Auditor's Responsibility Paragraph of the Audit Report,the Use

question 25

Multiple Choice

In the auditor's responsibility paragraph of the audit report,the use of the term "reasonable assurance" is intended to indicate that

• A)no misstatements exist in the financial statements.
• B)no material misstatements exist in the statements.
• C)there is some possibility that material misstatements still exist in the financial statements.
• D)there is a possibility that immaterial misstatements still exist in the financial statements.

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Definitions:

Without

Lacking or in the absence of.

Lordosis

A condition characterized by an excessive inward curvature of the spine, often in the lumbar region, leading to a pronounced "swayback" appearance.

Scoliosis

A condition characterized by an abnormal lateral curvature of the spine.

Kyphosis

A spinal disorder causing a forward rounding of the back, which may lead to a hunchback posture.