Which of the Following Is Not an Underlying Premise of an Audit

question 55

Multiple Choice

Which of the following is not an underlying premise of an audit?

• A)Management should provide the auditor with all information relevant to the preparation and fair presentation of the financial statements.
• B)Management and the auditors have responsibility for the preparation of financial statements in accordance with the applicable financial reporting framework.
• C)Where appropriate, the auditor may obtain information from those charged with governance.
• D)The auditors should be provided unrestricted access to those within the entity from whom the auditor determines it necessary to obtain audit evidence.

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Definitions:

Stereotype

To place a person or group of persons into an inflexible, all-encompassing category.

Stereotyping

The act of assigning a fixed, oversimplified image or idea to a person or group, often based on limited information and resulting in prejudiced attitudes or actions.

Affection

A feeling of fondness or liking for someone or something, often shown through physical or verbal gestures.

Structure

The arrangement or organization of components within a system, or the framework that defines the relationship between different parts.