The Responsibility of the Audit Firm Is to Communicate to Users

question 27

Multiple Choice

The responsibility of the audit firm is to communicate to users:

• A) its opinion on whether the company's financial statements are free from error.
• B) the results of the operations of the company during the period.
• C) its opinion on whether the company's financial statements fairly present the company's economic events.
• D) the names of all individuals involved with the audit.

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Definitions:

Total Number Of Hours

The aggregate amount of time, typically measured in hours, worked or needed for a specific purpose or project.