s1: The auditor's report shall include a section with a heading "Responsibilities of Management for the Financial Statements." The auditors report shall use the term that is appropriate in the context of the legal framework in the particular jurisdiction and need not refer specifically to "management". s2: A disclaimer of opinion states that the auditor does not express an opinion on the financial statements. O S1 is True, S2 is False O S1 is False, S2 is True O Both statements are True O Both statements are False
s1: The auditor's report shall include a section with a heading "Responsibilities of Management for the Financial Statements." The auditors report shall use the term that is appropriate in the context of the legal framework in the particular jurisdiction and need not refer specifically to "management". s2: A disclaimer of opinion states that the auditor does not express an opinion on the financial statements. O S1 is True, S2 is False O S1 is False, S2 is True O Both statements are True O Both statements are False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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s1: The auditor's report shall include a section with a heading "Responsibilities of Management for the Financial Statements." The auditors report shall use the term that is appropriate in the context of the legal framework in the particular jurisdiction and need not refer specifically to "management". s2: A disclaimer of opinion states that the auditor does not express an opinion on the financial statements.
O S1 is True, S2 is False
O S1 is False, S2 is True
O Both statements are True
O Both statements are False
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