Listed Below Are Words and Phrases from the Auditors' Standard

question 71

Short Answer

Listed below are words and phrases from the auditors' standard (unmodified)report on the entity's financial statements.For each of the words and phrases indicate by letter in which paragraph of the standard (unmodified)report they should appear:
A.Introductory paragraph
B.Management Responsibility section
C.Auditor's Responsibility section
D.Opinion paragraph
1___.Audit provides a reasonable basis for an opinion.2___.The financial statements present fairly,in all material respects.3___.Auditors' responsibility is to express an opinion.4___.Auditors perform the audit to obtain reasonable assurance.5___.Financial statements are in accordance with accounting principles generally accepted in the United States of America.6___.Responsibility of the entity's management for the financial statements.7___.Results of its operations and its cash flows.8___.Conducted our audits in accordance with the auditing standards generally accepted in the United States of America.9___.Management is responsible for the design,implementation,and maintenance of internal control.10___.We have audited the accompanying financial statements.

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Definitions:

Primary Motor Area

The primary motor area is a region of the brain's frontal lobe responsible for the initiation of voluntary movement.

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in various high-level brain functions such as sensation, voluntary muscle movement, thought, reasoning, and memory.

Voluntarily Move

The action of moving muscles at will, involving conscious control, primarily managed by the nervous system.

Sensations

Perceptions or feelings that result from the stimulation of the sensory organs.