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* An audit report is titled, and the title must: Contain the word independent. Specify the type of audit opinion issued. Specify if the auditor
* An audit report is titled, and the title must: Contain the word independent. Specify the type of audit opinion issued. Specify if the auditor is a CPA. Mention if the entity is a proprietorship, partnership, or incorporated. While performing compliance auditing service, the key objective is to: Provide an opinion on client's financial statements. Create a basis for a report on internal control. Study the effectiveness and efficiency of the use of resources. Conclude whether audited personnel are following laws, rules, regulations, and policies. The main reason an independent auditor reports on financial statements is to: * Identify if entity's internal control is weakly designed and produces unreliable financial statements. Add credibility, reliability and relevancy to entity's financial statements. Offer expertise to clients which may not be totally knowledgeable of prevailing GAAP. Provide stockholders with some assurance O regarding the detection of any fraudulent activity. Sufficiency of audit evidence is related to the: * Quality of audit evidence. Quantity of audit evidence. Reliability of audit evidence. Relevance of audit evidence
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