Which of the following is a principle underlying an audit conducted in accordance with generally accepted auditing standards?
A)The audit provides reasonable assurance the client will remain in business for at least one year.
B)The audit report expresses an opinion on whether the financial statements are free of material and immaterial misstatement.
C)Auditors are responsible for,among other things,maintaining professional objectivism,exercising professional engagement,and obtaining appropriate documentation.
D)An auditor's opinion enhances the degree of confidence that intended users can place in the financial statements.

Question

Quizplus · Accepted Answer

An auditor's opinion is designed to enhance the degree of confidence that intended users, such as investors and creditors, can place in the financial statements. This is a fundamental principle of auditing, as it assures users that the financial statements have been examined by an independent party and are reliable.

Which of the Following Is a Principle Underlying an Audit