Differences Between International Audit Report Language and Language in U

question 32

Multiple Choice

Differences between international audit report language and language in U.S.audit reports include all of the following except for:

• A)The report states in the scope paragraph that the selection of audit procedures requires the exercise of professional judgment including the assessment of the risks of material misstatements, whether due to error or fraud
• B)The opinion paragraph can be couched in either the words present fairly or a true and fair view
• C)A separate paragraph is provided for those entities required by law to report on compliance with legal and regulatory requirements
• D)The report acknowledges management's responsibility for the financial statements

---

Definitions:

Nonexplosive Outpourings

Nonexplosive outpourings refer to the gentle flow of lava from a volcano, without significant explosions or pyroclastic activity.

Lava

Molten rock expelled by a volcano during an eruption, which solidifies on the Earth's surface.

Shield Volcanoes

Broad, dome-shaped volcanoes with gently sloping sides, formed mostly by the fluid lava flows.

Steep Slopes

Steep slopes are areas of land with a sharp inclination, often leading to rapid erosion, landslides, or provide distinctive habitats for flora and fauna.