The Auditor Needs to Obtain Absolute Assurance as to Whether

question 14

True/False

The auditor needs to obtain absolute assurance as to whether the financial statements are free from material misstatement.

---

Definitions:

Emotional

Relating to feelings or the ability to be aware of and respond to emotions, both in oneself and in others.

Economic

Relating to the system of how wealth is produced, distributed, and consumed within a society.

Psychic

Pertaining to or denoting phenomena that are beyond the scope of normal scientific understanding, specifically relating to the mind or mental processes.

Community

A group of people living in the same place or having a particular characteristic in common.