Which of the Following Statements Regarding Auditors Is True

question 48

Multiple Choice

Which of the following statements regarding auditors is true?

• A)When the auditors are to form an opinion that the final accounts truly and fairly summarise the underlying transactions,they do not necessarily have to have confidence in the integrity of the AIS.
• B)If the auditors are to form an opinion that the final accounts truly and fairly summarise the underlying transactions then they must have confidence in the integrity of the AIS.
• C)If the auditors are to express confidence in the integrity of the AIS,then they must form an opinion that the final accounts truly and fairly summarise the underlying transactions.
• D)The integrity of the AIS and the auditors' opinion towards the final accounts are irrelevant.

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Definitions:

Communism

A political and economic ideology advocating for a classless society where all property is publicly owned and each person works and is paid according to their abilities and needs.

Societal Benefit

The total advantage or gain that society receives from an action, policy, or service, often considered in economic, social, or environmental terms.

Soviet Farmland

Agricultural land in the former Soviet Union, which faced challenges like collectivization and productivity issues.

Social Consciousness

An awareness shared by individuals within a society regarding injustices, inequalities, and other social issues, often leading to collective action or attitudes.