If the Auditor Has Obtained a Reasonable Level of Assurance

question 143

Multiple Choice

If the auditor has obtained a reasonable level of assurance about the fair presentation of the financial statements through understanding internal control, assessing control risk, testing controls, and analytical procedures, then the auditor

• A) can issue an unqualified opinion.
• B) can significantly reduce other substantive tests.
• C) can write the engagement letter.
• D) needs to perform additional tests of controls so that the assurance level can be increased.

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Definitions:

SIDS Deaths

Sudden Infant Death Syndrome refers to the unexplained death of a seemingly healthy baby, typically during sleep, in their first year of life.

Adult Children

Individuals who are legally adults but are considered children in relation to their parents or guardians.

Losses

Instances or feelings of having lost someone or something important, which can lead to emotional distress, such as grief or mourning.

Older Children

Children who are in the later stages of childhood, approaching adolescence, often characterized by increased independence and more complex cognitive, social, and emotional development.