To obtain reasonable assurance about whether the financial statement as a whole are free from material misstatement, the auditor must fulfill several performance responsibilities, including:

Question

Quizplus · Accepted Answer

Obtaining sufficient, appropriate audit evidence is a key responsibility of the auditor in order to obtain reasonable assurance about the absence of material misstatements. The other options (A, C, and D) are not necessarily required to achieve this objective. For example, not all audit work needs to be performed by a CPA with a minimum of three years experience, and providing an opinion on the financial statements is the ultimate outcome of the audit but not a performance responsibility in itself. Exercising professional judgment is important but is not a separate performance responsibility - it is required throughout the audit process.

To Obtain Reasonable Assurance About Whether the Financial Statement as a Whole