28. What does ISA 700 say about the interpretation of an audit opinion? a. It enhances the credibility of the financial statements of corporation. b. It guarantees the future viability of the corporation. sures readers that no errors have that no errors have been made in the financial statements. d. It tells shareholders that management has operated the corporation efficiently. 29. Which of the following is the responsibility of an audit committee? a. Oversee the internal control systems b. Oversee internal auditing and the independent public accounting function c. Monitor the financial reporting process d. All of the above 30. According to the International Auditing Practices Committee, financial statements have conformed to International Financial Reporting Standards (IFRS) if: a. they have complied with at least 75% of the International Financial Reporting Standards (IFRS). b. they have complied with at least one-half of the provisions of the International Financial Reporting Standards (IFRS). c. they have complied with all requirements and interpretations of the International Financial Reporting Interpretations Committee (IFRIC). d. they have complied with most of the International Financial Reporting Standards (IFRS) or with U.S. GAAP