Which of the following statements are true?
I. The introductory paragraph states that management is responsible for the preparation and content of the financial statements.
II. The scope paragraph states that the auditor evaluates the appropriateness of those accounting principles, estimates, and financial statement disclosures.
A) I only
B) II only
C) I and II
D) Neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true as the introductory paragraph of an auditor's report states that the management of the company is responsible for the preparation and content of the financial statements. 
Statement II is also true as the scope paragraph of an auditor's report details that the auditor evaluates the appropriateness of accounting principles, estimates, and financial statement disclosures.

Which of the Following Statements Are True