An audit report states that the auditing standards require auditors to... Perform audit procedures to respond to the risks of material misstatement. Obtain reasonable assurance as to whether the financial statements are free from material misstatement. All of the answer options are included in the audit report. Assess the risks of material misstatement. When there is a material weakness in internal control over financial reporting (I/C over F/R ), the client's financial statements will be materially misstated. True False