Which of the Following Is a Correct Statement Regarding the Standard

question 8

Multiple Choice

Which of the following is a correct statement regarding the standard unmodified opinion audit report?

• A) The format of the audit report for public and nonpublic entities are identical.
• B) The auditor's responsibility paragraph includes a statement that the auditors are responsible for selecting the appropriate accounting principles.
• C) The audit report includes the name of the lead partner on the audit.
• D) The auditor's responsibilities paragraph includes a statement that the auditor considers internal controls when designing the audit procedures performed.

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Definitions:

Furtherance

The act of promoting or advancing a cause, interest, or plan.

Governing Professionals

Individuals or bodies responsible for making and enforcing rules and standards within specific professions to ensure accountability and integrity.

Professions

Occupations requiring specialized knowledge and often long and intensive academic preparation.

Role Trust

The confidence in and reliance on individuals or groups to perform their functions or roles effectively and responsibly, particularly in professional settings.