In what way does the regulation of public accountants in Canada help to reduce information risk for investors? Muitiple Choice By establishing performance and quality control standards that all public accounting firms must follow when conducting audis By guaranteeing the accuracy of the financial statements By acting as a source of financial compensation for mvestors when corporate falures occur Dy requing auditors to quantify and set information nisk to a uniformly acceptable level Under which of the following circumstances does an accountant not become associated with a financial report? Multiple Choice The enterprise indicates that the occountant oudited or reviewed the information included in the report. in all cases in which the accountant consents to the use of his or her name in the report. The accountant sits on the board of directors of the enterprise that issues the report. The report states that the accountant prepared or performed other services with respect to the information What is the best description of the basis on which an auditor issues his or her report on financial statements? Muliple Cholce Sufficiency and appropriateness of evidence. Integrity of management Application of GAAP. Reporting standards In which of the following circumstances may the auditor issue the standard unqualified, unmodified audit report? Multiple Choice The financial statements do not disciose a justified depoture from generaly accepted accounting principles. The auditor has not been oble to audit a substantial porvon of the bolance sheet because of orcumstances beyond anyones conted The financial statements do not disciose sugnificant gong concein issues The cherit disciosed a change in accounting principles wth an inmoterial effect on tinancial ponition and insuits of operabors