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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 60
According to the AICPA, the purpose of an audit of financial statements is to
A) Enhance the degree of confidence that intended users can place in the financial statements.
B) Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the Financial Accounting Standards Board.
C) Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the U.S. Securities and Exchange Commission.
D) Obtain systematic and objective evidence about financial assertions and report the results to interested users.
A) Enhance the degree of confidence that intended users can place in the financial statements.
B) Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the Financial Accounting Standards Board.
C) Express an opinion on the fairness with which they present financial position, results of operations, and cash flows in conformity with accounting standards promulgated by the U.S. Securities and Exchange Commission.
D) Obtain systematic and objective evidence about financial assertions and report the results to interested users.
Explanation
Verified
Verified
• Degree of confidence of the users in t...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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