When Audited Financial Statements Are Presented in a Document Containing

question 30

Multiple Choice

When audited financial statements are presented in a document containing other information, the auditor:

• A)has an obligation to perform auditing procedures to corroborate the other information.
• B)is required to issue an "except for" qualified opinion if the other information has a material misstatement of fact.
• C)should read the other information to consider whether it is inconsistent with the audited financial statements.
• D)has no responsibility for the other information because it is not part of the basic financial statements.

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Definitions:

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Promise

is a declaration or assurance that one will do something or that a particular thing will happen.

Extended Eye Contact

Extended eye contact is a non-verbal communication form that occurs when two people look into each other's eyes for a longer period, indicating various emotions or intentions.

Attraction

The feeling of being drawn to someone or something, often leading to sexual or romantic interest.