Audit reporting standards for financial statement and integrated audits require auditors to provide which of the following?
A)Positive assurance.
B)Negative assurance.
C)Materiality assurance.
D)No assurance.

Question

Quizplus · Accepted Answer

Audit reporting standards require auditors to provide positive assurance, which means the auditor expresses a clear opinion that the financial statements are fairly presented in all material respects in conformity with Generally Accepted Accounting Principles (GAAP). Negative assurance is not required by the reporting standards, materiality assurance is not a type of assurance provided, and auditors are required to provide some level of assurance, so "no assurance" is not a valid choice.

Audit Reporting Standards for Financial Statement and Integrated Audits Require