The Unmodified Standard Audit Report of a Nonpublic Company Does

question 7

Multiple Choice

The unmodified standard audit report of a nonpublic company does not explicitly state that:

• A) The financial statements are the responsibility of the company's management.
• B) The audit was conducted in accordance with accounting principles generally accepted in the United States of America.
• C) The auditors believe that the audit provides a reasonable basis for their opinion.
• D) An audit includes assessing the accounting principles used.