19-Which among the following is the most important limitation of an audit, which result in most of the audit evidence while the auditor draws conclusions? a. Management and others do not provide complete information intentionally/ unintentionally b. Audit is not an official investigation into alleged wrongdoings c. Auditor’s opinion is mostly persuasive rather than conclusive. d. The occurrence of non-compliance with laws and regulations
19-Which among the following is the most important limitation of an audit, which result in most of the audit evidence while the auditor draws conclusions? a. Management and others do not provide complete information intentionally/ unintentionally b. Audit is not an official investigation into alleged wrongdoings c. Auditor’s opinion is mostly persuasive rather than conclusive. d. The occurrence of non-compliance with laws and regulations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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19-Which among the following is the most important limitation of an audit, which result in most of the audit evidence while the auditor draws conclusions?
a.
Management and others do not provide complete information intentionally/ unintentionally
b.
Audit is not an official investigation into alleged wrongdoings
c.
Auditor’s opinion is mostly persuasive rather than conclusive.
d.
The occurrence of non-compliance with laws and regulations
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