According to Generally Accepted Auditing Standards (GAAS),the Overall Objective of a Financial
According to generally accepted auditing standards (GAAS) ,the overall objective of a financial statement audit is ________.
A) to enable the auditor to express an opinion as to whether the financial statements are prepared in accordance with generally accepted accounting principles
B) to reduce audit risk to an acceptably low level
C) to determine whether the financial principles adopted by management in preparing the financial statements are acceptable
D) to obtain reasonable assurance that the financial statements taken as a whole are free from misstatement,whether due to fraud or error
Correct Answer:
Verified
Q13: Joe Smith,CPA,has been operating is own public
Q14: Three-Party Accountability includes all of the following
Q15: The primary purpose of obtaining an understanding
Q16: Which of the following has been established
Q17: Several sources of GAAP consulted by an
Q19: Assurance standards can be applied to which
Q20: Auditors try to achieve independence in appearance
Q21: A report giving conclusions about a firm's
Q22: Under CAS 200 the objective of the
Q23: The general standard of GAAS relates primarily
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents