Which of the Following Is Not True of "Reasonable Assurance

question 46

Multiple Choice

Which of the following is not true of "reasonable assurance"?

• A) The auditors have exercised due care
• B) The audit opinion is a guarantee that material misstatements have been identified
• C) The audit has been properly planned and supervised
• D) The auditors have followed GAAS

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

10-sided Die

A polyhedral die with ten faces, typically used in tabletop games, each face showing a different number from one to ten.

Standard Deck

A complete set of cards, typically consisting of 52 cards used in various games.

Sample Space

The set of all possible outcomes of a random experiment or event in probability and statistics.