The scope paragraph in the standard audit report uses all of the following terms except:
A) generally accepted auditing standards.
B) conclusive basis.
C) materiality.
D) significant estimates.
E) examining evidence.

Question

Quizplus · Accepted Answer

The term "conclusive basis" is not used in the scope paragraph of the standard audit report. The scope paragraph typically refers to the audit being conducted in accordance with generally accepted auditing standards, involves examining evidence on a test basis, considering the audit's assessment of the risks of material misstatement, and evaluating the appropriateness of accounting policies and significant estimates made by management.

The Scope Paragraph in the Standard Audit Report Uses All