The Auditor's Report on the Published Financial Statements of a Large

question 115

Multiple Choice

The auditor's report on the published financial statements of a large corporation should be viewed as:

• A)The opinion of independent experts as to the overall fairness of the statements.
• B)The opinion of the corporation's chief accountant as to the overall fairness of the statements.
• C)A guarantee by a firm of certified public accountants that the statements are accurate.
• D)A guarantee by the Financial Statements Insurance Board that the statements do not overstate assets or net income.

---

Definitions:

Reproductive Organs

Structures in an organism that are involved in the production of offspring, including ovaries and testes.

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development.

Motivation

Factors of differing strength that energize, direct, and sustain behavior.

Stealing

The act of taking something that doesn't belong to you without permission or legal right and with no intention to return it.