Which of the Following Is Not a Concept from the Performance

question 80

Multiple Choice

Which of the following is not a concept from the performance principle under generally accepted auditing standards?

• A)The auditor must plan the work and properly supervise any assistants.
• B)The auditor must express an opinion in accordance with the auditor's findings.
• C)The auditor must obtain sufficient appropriate evidence about whether material misstatements exist.
• D)The auditor must determine and apply an appropriate materiality level throughout the audit.

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Definitions:

Currencies

Systems of money in common use, particularly in a nation or economic region, serving as a medium of exchange.

Governments

Governments refer to the group or system of individuals governing an organized community, often a state.

Own Currencies

Refers to the sovereign currency that is issued and controlled by a country's own government or central bank.

Exchange Rates

The rate at which one currency can be converted into another, indicating the quantity of one currency that can be exchanged for an alternative currency.