Which of the Following Statements Is Correct About the Objective

question 75

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)Reasonable 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.

---

Definitions:

Testosterone Concentrations

The level of the hormone testosterone present in the blood, relevant for various bodily functions ranging from the development of male genitalia and secondary sexual characteristics to muscle mass and mood regulation.

Negative Feedback

A process in biological systems where the output of a system suppresses or diminishes its activity, helping to maintain stability or homeostasis.

Pelvic Inflammatory Disease

Pelvic Inflammatory Disease (PID) is an infection of the female reproductive organs, often caused by sexually transmitted bacteria, leading to symptoms like pelvic pain.

Swollen Lymph Glands

Enlargement of lymph nodes often due to infection, inflammation, or malignancy, indicating an immune response.