Which of the Following Is a Principle Underlying an Audit

question 39

Multiple Choice

Which of the following is a principle underlying an audit conducted in accordance with generally accepted auditing standards?

• A)The audit provides reasonable assurance the client will remain in business for at least one year.
• B)The audit report expresses an opinion on whether the financial statements are free of material and immaterial misstatement.
• C)Auditors are responsible for,among other things,maintaining professional objectivism,exercising professional engagement,and obtaining appropriate documentation.
• D)An auditor's opinion enhances the degree of confidence that intended users can place in the financial statements.

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Definitions:

Kelly's

Pertains to George Kelly's Personal Construct Theory, which focuses on how people create constructs as mental models to interpret the world.

Opinions

Beliefs or judgments that are not based on certainty or knowledge but rather on what one thinks or feels to be true or probable.

Neurotic Behavior

Patterns of thinking, feeling, and behaving that are maladaptive, self-defeating, and indicative of some form of psychological distress.

Self-Image

The mental representation one has of oneself, shaped by personal experiences, body image, and social roles.