Which of the Following Statements Is Not Correct

question 29

Multiple Choice

Which of the following statements is not correct?

• A)The auditor is required to read other information accompanying the financial report to ensure that there are no inconsistencies.
• B)The auditor may provide advice on accounting matters but the financial report and related disclosures are the entity's responsibility.
• C)Towards the end of the audit the auditor should examine all related-party transactions.
• D)Engagement quality control reviews are only required of the financial reports of public companies.

---

Definitions:

Good Moral Character

A set of qualities that includes honesty, integrity, and ethics, often evaluated in legal or professional contexts.

Approved Medical School

An educational institution recognized by the appropriate governmental or professional bodies for providing quality medical education leading to a degree in medicine.

Administer Anesthesia

The process of giving medications to a patient, either through inhalation or injection, to prevent pain during surgical procedures or other medical interventions.

Nurse Anesthetist

An RN that is certified to administer anesthesia.