Which of the Following Is Not Included in an Audit

question 17

Multiple Choice

Which of the following is not included in an audit report?

• A)An audit opinion on whether or not the financial statements are 'true and fair.'
• B)Identification of the financial reports audited.
• C)A statement on the sustainable strategies of the reporting entity.
• D)A statement that the financial reports were prepared in accordance with accounting standards.

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Definitions:

Discriminant Validity

The measure of how much a test does not relate to variables or measures it should not be associated with.

Correlation Coefficient

The relationship between two sets of scores. Correlation coefficients range from +1 to -1 and generally are reported in decimals of one-hundredths. A positive correlation shows a tendency for scores to be related in the same direction, while a negative correlation indicates an inverse relationship.

Verbal Reasoning

The ability to understand and reason using concepts framed in words, often assessed through standardized tests.

Problem Solving

The process of identifying solutions to specific issues by employing logical and creative thinking strategies.