Which of the Following Statements Pertaining to the Audit Function

question 5

Multiple Choice

Which of the following statements pertaining to the audit function is incorrect?

• A)The primary responsibility for the information in the financial statements lies with the auditors.
• B)The audit report describes the auditor's opinion of the fairness of the financial statements.
• C)An audit ensures that the financial statements conform to generally accepted accounting principles.
• D)The auditor doesn't examine all of the transactions an entity incurred.

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Definitions:

Item Event

A type of event in graphical user interface programming that indicates an interaction with an item, such as a selection or click.

Clicking

The action of pressing and releasing a button on a mouse or another pointing device to interact with digital elements.

Background Color

An attribute or property that sets the color behind an element or screen in web pages or graphical user interfaces.

Applet

A small application typically programmed in Java, that runs within a web browser or viewer.