Which of the Following Is a Principle Underlying an Audit

question 39

Multiple Choice

Which of the following is a principle underlying an audit conducted in accordance with generally accepted auditing standards?

• A)The audit provides reasonable assurance the client will remain in business for at least one year.
• B)The audit report expresses an opinion on whether the financial statements are free of material and immaterial misstatement.
• C)Auditors are responsible for,among other things,maintaining professional objectivism,exercising professional engagement,and obtaining appropriate documentation.
• D)An auditor's opinion enhances the degree of confidence that intended users can place in the financial statements.

---

Definitions:

Individualistic Emotion

A type of emotional experience that is deeply personal, often reflecting the unique attitudes, values, and beliefs of an individual.

Ego-Focused

Refers to a perspective or behavior primarily concerned with self-interest and personal well-being.

Sentiment

The social aspect of emotion. Components of human responses that separate them from analogous responses animals would have.

Affect

A subjective positive or negative evaluation of an object, which can vary in direction, intensity, and activity.