Which of the Following Statements Is True Regarding Audit Reporting

question 66

Multiple Choice

Which of the following statements is true regarding audit reporting?

• A)The auditor should provide an opinion based on the audit evidence obtained.
• B)Auditing standards require auditors to provide positive assurance.
• C)The auditor's opinion should state whether the financial statements are presented fairly.
• D)All of the above statements are true.

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Definitions:

Salesman

A person whose job involves selling or promoting products and services to customers.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Truck Driver

An individual professionally licensed to operate trucks and responsible for transporting goods over short or long distances.

Employee

An individual who works under a contract of employment, receiving compensation for providing services to an employer.