Which One of the Following Statements Is Not an Accurate

question 27

Multiple Choice

Which one of the following statements is not an accurate description of the role of the external audit and the external auditors' report?

• A) Enables users of financial statements to place a high degree of confidence in the audited financial information.
• B) Assists shareholders in overcoming their information asymmetry problem.
• C) Gives shareholders reasonable assurance that the annual report and financial statements present a true and fair view of the results for the year.
• D) Bases the audit report on a 100% check of all the transactions undertaken during the year and a 100% check on the year end account balances.

---

Definitions:

Hangover Effect

A period of reduced performance or negative feelings following a temporary phase of enthusiasm or a high-positive state, often without the context of alcohol consumption.

Job Satisfaction

The level of contentment or happiness that an individual derives from their job, influenced by various factors like work environment, salary, and the nature of the work itself.

Hangover Effect

A lingering condition or set of symptoms that occurs as a consequence of a previous activity or event, often used in the context of alcohol consumption.

Progression Of Withdrawal

A theory suggesting that employees' disengagement from their jobs follows a sequential pattern, starting from minor behaviors like lateness to more severe ones like quitting.