Which of the Following Statements Is Correct About the Objective

question 28

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 assurance about whether the financial statements are free from all 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 material 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:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, extending from the brain, serving as the main pathway for information connecting the brain and peripheral nervous system.

Autonomic Nervous System

The part of the nervous system that controls involuntary functions such as heartbeat, digestion, and breathing.

Voluntary Nervous System

Part of the nervous system responsible for the control of voluntary movements and the communication of sensory information to the CNS.

Sympathetic Division

A part of the autonomic nervous system that activates the body's fight or flight response during stressful or emergency situations.