The auditor's conclusions are stated as opinion rather than a statement of fact:
A) to avoid the possibility of legal action against the auditor.
B) to allow for a margin of error.
C) because conclusions are based on professional judgement.
D) all of the above
Correct Answer:
Verified
Q8: The most common type of audit report
Q9: Under certain circumstances, the auditor is required
Q10: What condition requires departure from an unmodified
Q11: The introductory paragraph of the standard unmodified
Q12: Which auditing standard requires an expression of
Q14: If the balance sheet of a company
Q15: The Corporations Act 2001 requires the auditor
Q16: The auditor's responsibility section of the standard
Q17: The accounting profession recognises the need for
Q18: A public accounting firm is associated with
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