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The AICPA principles governing an audit explicitly state that an audit has inherent limitations prohibiting an auditor from obtaining reasonable assurance that the statements are free from misstatement.
Q24: Inquiries of client personnel are not a
Q35: The tolerable misstatement is the confidence level
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Q59: A board of directors that is actively
Q64: For tests of controls, the most commonly
Q69: Heightened risk of material misstatement causes the
Q85: The amount of evidence gathered is not
Q85: Auditors are permitted to perform for a
Q100: When determining sampling size in attribute sampling,
Q112: In the audit of the revenue of