Which of the Following Requires CPAs to Provide Reasonable Assurance

question 70

Multiple Choice

Which of the following requires CPAs to provide reasonable assurance that significant fraud or misstatement is NOT present in financial statements?

• A) Generally Accepted Auditing Standards
• B) Generally Accepted Accounting Principles
• C) Sarbanes-Oxley Act
• D) Foreign Corrupt Practices Act

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Definitions:

Emphasis

Special importance, value, or prominence given to something in speech or writing.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Organizing

The process of arranging or structuring elements in a systematic way to achieve a specific goal.

Internal Audiences

Refers to the group of people within an organization who are the intended recipients of a message or information.