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?
Chapter1: Financial Statements And Business Decisions
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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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