An independent audit aids in the communication of economic data because the audit ________. A. Confirms the exact accuracy of the management's financial representations. B. Lends credibility to the
An independent audit aids in the communication of economic data because the audit ________. A. Confirms the exact accuracy of the management's financial representations. B. Lends credibility to the
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 5CYBK
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An independent audit aids in the communication of economic data because the audit ________.
A. Confirms the exact accuracy of the management's financial representations.
B. Lends credibility to the financial statements.
C. Guarantees that the financial data are fairly presented.
D. Assures the readers of financial statements that any fraudulent activity has been corrected.
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