Financial statements that have been audited and verified by an external auditor are considered more reliable in the business marketplace than those that have not. Hence, the role of an external auditor in financial report audit is to: Select one: a. Prevention and detection of unauthorised executive perks. b. Express an opinion whether the client's financial reports are fairly presented. c. Ensure the consistent implementation of policies and procedures. d. Ensure the consistent application of accounting policies.
Financial statements that have been audited and verified by an external auditor are considered more reliable in the business marketplace than those that have not. Hence, the role of an external auditor in financial report audit is to: Select one: a. Prevention and detection of unauthorised executive perks. b. Express an opinion whether the client's financial reports are fairly presented. c. Ensure the consistent implementation of policies and procedures. d. Ensure the consistent application of accounting policies.
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 3CYBK
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Financial statements that have been audited and verified by an external auditor are considered more reliable in the business marketplace than those that have not. Hence, the role of an external auditor in financial report audit is to:
Select one:
a.
Prevention and detection of unauthorised executive perks.
b. Express an opinion whether the client's financial reports are fairly presented.
c. Ensure the consistent implementation of policies and procedures.
d. Ensure the consistent application of accounting policies.
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