Which of the Following Best Describes the Conclusions an Auditor

question 13

Multiple Choice

Which of the following best describes the conclusions an auditor makes in an integrated audit that results in an audit report that is unqualified?

• A) The financial statements are fair according to GAAP.
• B) The financial statements are free of material misstatement based on U.S. GAAP and management's report on internal control over financial reporting states that there are no material weaknesses.
• C) The financial statements and internal control over financial reporting are materially correct.
• D) The financial statements are free of material misstatement based on U.S. GAAP and based on the audit, the auditor agrees with management's report that internal control over financial reporting is effective and does not have any material weaknesses.

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Definitions:

Humus

Partially decayed organic material in soil.

Soil Components

The various elements that make up soil, including minerals, organic matter, water, and air.

Negative Charge

An electrical charge characterized by the presence of more electrons than protons, resulting in the object having a lower electrical potential.

Positively Charged

Carrying more protons than electrons, which confers a net positive electric charge to an atom, molecule, or particle.