The Auditor Has Considerable Responsibility for Notifying Users as to Whether

question 18

Multiple Choice

The auditor has considerable responsibility for notifying users as to whether or not the statements are properly stated.This imposes upon the auditor a duty to:

• A)provide reasonable assurance that material misstatements will be detected.
• B)be a guarantor of the fairness in the statements.
• C)be equally responsible with management for the preparation of the financial statements.
• D)be an insurer of the fairness in the statements.

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Definitions:

Fifteenth Amendment

A Reconstruction amendment, ratified in 1870, that prohibits the federal and state governments from denying a citizen the right to vote based on "race, color, or previous condition of servitude."

African-Americans

American citizens or residents of African descent, with a history rooted in the transatlantic slave trade and a significant impact on the cultural and social fabric of the United States.

Union League

An organization established during the American Civil War to support the Union's policies and to promote loyalty among its members.