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For Each of the Following Items, Identify Whether They Are

Question 24

Essay

For each of the following items, identify whether they are the responsibility of management or of the auditor.
1.Distribute the annual report to shareholders
2.Deliver the audit report to the entity
3.Obtain and evaluate evidence concerning the financial statements
4.Preparation and presentation of the financial report
5.Designing internal control procedures
6.Express an opinion on the financial statements
7.Selecting appropriate accounting policies
8.Verify financial information is presented in accordance with standards

Correct Answer:

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1.Management
2.Audit...

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