The auditor's opinion includes all except which of the following statements?
A)The financial statements are in conformity with generally accepted accounting principles.
B)The financial statements are the responsibility of the company's management.
C)The audit includes examining,on a test basis,evidence supporting the amounts and disclosures in the financial statements.
D)The auditor's responsibility is to express an opinion on the financial statements.
E)The financial statements are free of any and all misstatements.

Question

Quizplus · Accepted Answer

The auditor's opinion does not include a statement that the financial statements are free of any and all misstatements. The auditor's opinion only states that the financial statements are presented fairly in all material respects in accordance with generally accepted accounting principles. While auditors perform procedures to detect material misstatements, they cannot guarantee that all misstatements have been detected.

The Auditor's Opinion Includes All Except Which of the Following