________is a concept relating to the accumulation of the audit evidence necessary for the auditor to conclude that there are no material misstatements in the financial statements taken as a whole. While the ________ is responsible for forming and expressing an opinion on the financial statements, the responsibility for preparing and presenting the financial statements is that of the management of the entity.

Question

Quizplus · Accepted Answer

Reasonable assurance is the concept that relates to the accumulation of sufficient audit evidence to conclude that the financial statements are free of material misstatements. The auditor is responsible for forming and expressing an opinion on the financial statements.

________Is a Concept Relating to the Accumulation of the Audit