Which of the following statements are true for the audit report of a non-public entity?
I.The introductory paragraph states that management is responsible for the preparation and content of the financial statements.
II.The scope paragraph states that the auditor evaluates the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management.
A)I only
B)II only
C)I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements are true for the audit report of a non-public entity?
I.The introductory paragraph states that management is responsible for the preparation and content of the financial statements.
II.The scope paragraph states that the auditor evaluates the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management.
A)I only
B)II only
C)I and II
D)Neither I nor II

Which of the Following Statements Are True for the Audit