Which of the Following Statements Is Not Included in the Basis

question 143

Multiple Choice

Which of the following statements is not included in the Basis for Opinion Section of the standard (unmodified) report on the entity's financial statements?

• A)"We are required to communicate with those charged with governance…"
• B)"We are required to be independent of [the client]…"
• C)"We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion."
• D)"We conducted our audit in accordance with…(GAAS)"

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Definitions:

Hypothetical Reasoning

The process of applying logical thinking to situations that are often based on suppositions or possibilities, rather than facts.

Deductive Reasoning

A deductive process in which an inference is made based on the harmony of several statements that are commonly believed to be accurate.

Adolescent Egocentrism

A characteristic of adolescent thought involving an increased focus on the self and a belief in the uniqueness of one's own feelings and experiences.

Intuitive Thinking

A cognitive process that enables a person to know something directly without analytic reasoning, bridging the gap between the conscious and nonconscious parts of our mind.