The auditor's responsibility section of the standard unmodified opinion audit report states that the audit is designed to
A)discover all errors and/or irregularities.
B)discover material errors and/or irregularities.
C)conform to generally accepted accounting principles.
D)obtain reasonable assurance whether the statements are free of material misstatement.

Question

Quizplus · Accepted Answer

The auditor's responsibility section of the standard unmodified opinion audit report states that the audit is designed to obtain reasonable assurance whether the statements are free from material misstatement. This means that the audit is not expected to find every single error or irregularity, but rather to identify anything that would materially affect the financial statements. Therefore, choice D is the best answer.

The Auditor's Responsibility Section of the Standard Unmodified Opinion Audit