The phrase "The audit is designed to obtain reasonable assurance about whether the statements are free of material misstatements" is included in the introductory paragraph of an audit report.

Name: The phrase "The audit is designed to obtain reasonable assurance about whether the statements are free of material misstatements" is included in the introductory paragraph of an audit report.
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Question

Quizplus · Accepted Answer

This phrase is typically found in the scope paragraph of an audit report, not the introductory paragraph.

The Phrase "The Audit Is Designed to Obtain Reasonable Assurance