Auditors Do Not Provide Absolute Assurance in an Audit Due

question 36

Multiple Choice

Auditors do not provide absolute assurance in an audit due to

• A) Financial statement numbers are based on estimates.
• B) Auditors usually examine a sample rather than all of a company's transactions.
• C) Those who commit fraud go to great lengths to conceal their actions.
• D) All of the above.

---

Definitions:

Latino Middle Class

A demographic group within the Latino community experiencing upward social mobility, often characterized by higher education levels, professional employment, and increased household income.

Increased Access

The expansion of opportunities and resources available to individuals or groups.

African American

A term referring to individuals in the United States with partial or total ancestry from any of the Black racial groups of Africa.

Forbes List

An annual ranking published by Forbes magazine that lists the wealthiest individuals, companies, or other entities in various categories.