The Reason Auditors Collect Evidence Is To

question 67

Multiple Choice

The reason auditors collect evidence is to:

• A) determine if management's assertions are fair.
• B) obtain a reasonable basis for forming an opinion on the financial statements.
• C) obtain a reasonable basis for forming an opinion on the effectiveness of ICFR.
• D) All of the above.

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Definitions:

Health and Safety Committees

Groups within organizations that focus on maintaining and improving workplace health and safety standards.

Nonadversarial Climate

Refers to a workplace atmosphere that promotes collaboration and mutual respect among employees, rather than competition or conflict.

Management Representation

Involves higher-level managers or executives representing the interests and policies of the management, often in negotiations or organizational communications.