The Auditor Has Considerable Responsibility for Notifying Users Whether the Financial

question 31

Multiple Choice

The auditor has considerable responsibility for notifying users whether the financial statements are fairly stated.This imposes upon the auditor a duty to

• A)be an insurer of the fairness in the statements.
• B)be a guarantor of the fairness in the statements.
• C)be equally responsible with management for the preparation of the financial statements.
• D)provide reasonable assurance that material misstatements will be detected.

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Definitions:

Gang

A group of people associated with each other, often involved in criminal activities or sharing a common identity.

Drug Fiend

A derogatory term used to describe a person who is addicted to or heavily uses illegal or controlled substances.

Sexual Assault

An act in which a person intentionally sexually touches another person without that person's consent, or coerces or physically forces a person to engage in a sexual act against their will.

Dating Partner

An individual with whom one is involved in a romantic or potentially romantic relationship.