Which of the Following Statements Regarding the Concept of Audit

question 55

Multiple Choice

Which of the following statements regarding the concept of audit is not true?

• A)The most common type of audit is the financial statement audit.
• B)The financial statement audit provides an objective opinion on an organisation's financial statements.
• C)Financial statement audit provides absolutely guarantee that the financial reports are free of misstatement.
• D)Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating those results to interested users.

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Definitions:

Gender-Typing

The process by which individuals learn to conform to societal expectations and norms regarding gender roles and behaviors.

Social Cognition

The area of study focusing on how people process, store, and apply information about other people and social situations.

Defense Mechanism

Psychological strategies used by the unconscious mind to protect itself from anxiety arising from unacceptable thoughts or feelings.

Existentialism

The view that people are completely free and responsible for their own behavior.