Which of the Following Is not an Underlying Premise of an Audit

question 19

Multiple Choice

Which of the following is not an underlying premise of an audit?

• A)Management must provide the auditor with all information relevant to the preparation and fair presentation of the financial statements.
• B)Management and the auditors have responsibility for the preparation of financial statements in accordance with the applicable financial reporting framework.
• C)Where appropriate,the auditor may obtain information from those charged with governance.
• D)The auditors should be provided unrestricted access to those within the entity from whom the auditor determines it necessary to obtain audit evidence.

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Definitions:

Skewed

A term describing asymmetry in the probability distribution of a real-valued random variable, indicating a deviation from the normal distribution.

Median

The middle value in a data set, which effectively divides the dataset into two halves, with one half having values above the median and the other half below.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values deviate from the mean.