An audit is useful to financial statement users because it
A)Guarantees that the financial statements are accurate and correct.
B)Guarantees that management has not been involved in misappropriation of assets.
C)Provides reasonable assurance that the financial statements do not have material misstatements.
C)The financial audit does not guarantee complete accuracy or the absence of fraud. It does provide reasonable assurance of material accuracy and compliance with GAAP.
D) Both B and

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The Answer of An audit is useful to financial statement users because it
A)Guarantees that the financial statements are accurate and correct.
B)Guarantees that management has not been involved in misappropriation of assets.
C)Provides reasonable assurance that the financial statements do not have material misstatements.
C)The financial audit does not guarantee complete accuracy or the absence of fraud. It does provide reasonable assurance of material accuracy and compliance with GAAP.
D) Both B and

An Audit Is Useful to Financial Statement Users Because It