Which concept is not an integral part of an audit?
A)evaluating internal controls
B)preparing financial statements
C)expressing an opinion
D)analyzing financial data

Question

Quizplus · Accepted Answer

While auditors do review and analyze financial statements as part of their work, they are not responsible for actually preparing them. The company's management or an outside accounting firm would be responsible for the preparation of the financial statements. The other concepts listed (evaluating internal controls, expressing an opinion, analyzing financial data) are all integral parts of an audit.

Which Concept Is Not an Integral Part of an Audit