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Which of the following ideas is NOT included in the "Purpose" section of the Principles Underlying an Audit Conducted in Accordance with Generally Accepted Auditing Standards?

Which of the following ideas is NOT included in the "Purpose" section of the Principles Underlying an Audit Conducted in Accordance with Generally Accepted Auditing Standards?

Auditing: A Risk Based-Approach (MindTap Course List)
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
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 8CYBK
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Which of the following ideas is NOT included in the "Purpose" section of the Principles Underlying an Audit Conducted in Accordance with Generally Accepted Auditing Standards? The auditor must plan the audit work properly and supervise any assistants. Management, and those charged with governance, are responsible for the preparation and fair presentation of the financial statements in accordance with the applicable financial reporting framework. The purpose of an audit is to provide users with an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. Management has responsibility to provide the auditor with unrestricted access to individuals within the entity from whom the auditor determines it is necessary to obtain audit evidence.
Transcribed Image Text:Which of the following ideas is NOT included in the "Purpose" section of the Principles Underlying an Audit Conducted in Accordance with Generally Accepted Auditing Standards? The auditor must plan the audit work properly and supervise any assistants. Management, and those charged with governance, are responsible for the preparation and fair presentation of the financial statements in accordance with the applicable financial reporting framework. The purpose of an audit is to provide users with an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. Management has responsibility to provide the auditor with unrestricted access to individuals within the entity from whom the auditor determines it is necessary to obtain audit evidence.
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