Which of the Following Is Not One of the Reasons

question 70

Multiple Choice

Which of the following is not one of the reasons that auditors provide only reasonable assurance on the financial statements?

• A) The auditor commonly examines a sample, rather than the entire population of transactions.
• B) Accounting presentations contain complex estimates which involve uncertainty.
• C) Fraudulently prepared financial statements are often difficult to detect.
• D) Auditors believe that reasonable assurance is sufficient in the vast majority of cases.

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Definitions:

Registry Configuration

Configuration settings stored within a registry on Windows operating systems, dictating how software and hardware behave.

Power-On Self-Test

The initial set of diagnostic tests performed by a computer's firmware upon startup, checking for hardware issues.

Operating System

A software platform that manages computer hardware resources and provides services for computer programs.

Memory Chips

Electronic components that store data and code for quick access by the computer's processor.