Which of the Following Statements Is Not Included in the Auditor's

question 67

Multiple Choice

Which of the following statements is not included in the Auditor's Responsibility section of the standard (unmodified) report?

• A)"In accordance with accounting principles generally accepted in the United States of America."
• B)"We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion."
• C)"An audit also includes evaluating the appropriateness of accounting policies used…."
• D)"Those standards require that we plan and perform the audit to obtain reasonable assurance..."

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Definitions:

High Risk

A situation or investment that carries a significant chance of loss or failure.

High Value

Denoting something that possesses great importance, worth, or usefulness, especially in terms of monetary or material worth.

Procurement

The process of sourcing and acquiring goods and services from external sources for an organization.