The Auditor Has No Responsibility to Plan and Perform the Audit

question 106

Multiple Choice

The auditor has no responsibility to plan and perform the audit to obtain reasonable assurance that misstatements, whether caused by errors or fraud, that are not ________ are detected.

• A)important to the financial statements
• B)statistically significant to the financial statements
• C)material to the financial statements
• D)identified by the client

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Definitions:

Heart Rates

Heart rates refer to the number of heartbeats per unit of time, typically expressed as beats per minute (BPM), indicating the heart's activity and overall cardiovascular health.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, a central concept of Charles Darwin's theory of evolution.

Traits

Enduring characteristics or qualities that define an individual’s behavior across various situations.

Survival

The state or fact of continuing to live or exist, typically in spite of an accident, ordeal, or difficult circumstances.