Complete the statement below on the overall objectives of the external auditor in conducting an audit of financial statements by filling in the gaps with terms from the following selection:
• absolute
• all
• an applicable financial framework
• express an opinion
• international Standards on Auditing
• material
• provide a guarantee
• reasonable
-The overall objective of the external auditor is to obtain ________________ assurance about whether the financial statements are free from ________________ misstatement, whether due to fraud or error, thereby enabling the auditor to ________________ on whether the financial statements are prepared in all material respects in accordance with________________.
Correct Answer:
Verified
Q2: Staff of audit firms should be asked
Q3: The audit partner for a listed entity
Q4: Audit firms should not accept consultancy work
Q5: Audit files should be subject to a
Q6: The auditor may be faced with threats
Q7: The auditor may be faced with threats
Q8: The auditor may be faced with threats
Q9: Which of the following is not a
Q10: Auditors must comply with relevant laws and
Q11: Integrity can be defined as the auditor
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