Which of the Following Is Not Included in the Auditors

question 60

Multiple Choice

Which of the following is not included in the auditors' standard report representing an unmodified opinion?

• A)A brief indication of the responsibility of auditors and management for the financial statements.
• B)An indication that all appropriate disclosures have been made and included in the financial statements.
• C)An indication that the audit was conducted in accordance with standards established by the PCAOB.
• D)The auditors' opinion on the fairness of the financial statements.

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Definitions:

Job Specifications Plan

Descriptions of the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Job Description Plan

A structured outline that details the roles, responsibilities, duties, and qualifications required for a specific position within an organization.

Domestic Quantity Demanded

The total amount of a good or service that consumers in a specific country are willing and able to purchase at a given price.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing the economic benefit to consumers.