The limitations of an audit are NOT caused by ________.
A) the nature of financial reporting.
B) the nature of audit procedures.
C) the need for the audit to be conducted within a reasonable period of time at a reasonable cost.
D) a guarantee that the financial statements are free from error
Correct Answer:
Verified
Q75: Among the reasons why users demand an
Q76: ICFR stands for:
A)internal controls over financial reporting.
B)internal
Q77: What type of audit involves gathering evidence
Q78: The nature of audit procedures can refer
Q79: In the United States, what entities are
Q81: In an audit report on the effectiveness
Q82: In an audit report on the effectiveness
Q83: In an unqualified audit report on the
Q84: Education of financial statement users as to
Q85: Legislation impacts _.
A)auditor performance
B)financial statement user's expectations
C)both
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