Which of the Following Statements Is Correct About the Objective

question 14

Multiple Choice

Which of the following statements is correct about the objective of the audit process?

• A)Generally accepted auditing standards require the auditor to obtain reasonable assurance about whether the financial statements are free from material misstatements.
• B)Assurance is obtained by the auditor when he has obtained sufficient appropriate audit evidence to reduce audit risk to an acceptably low level.
• C)A misstatement is an error or fraud in the financial statements that might cause a user of the financial statements to change his decision about the company.
• D)Sufficient appropriate audit evidence refers to the persuasiveness of the evidence gathered.

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Definitions:

China

A country located in East Asia, known for its vast landscape, populous cities, and rich history and culture.

Cognitive Psychologist

A professional specializing in the study of how people perceive, think, understand, and remember information.

Anxiety Disorder

A category of mental health disorders characterized by excessive fear, anxiety, and related behavioral disturbances, significantly impacting daily functioning and quality of life.

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including memories, personality, and other identifying characteristics.