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indicate whether you agree or disagree with the following statements concerning a financial statement audit conducted in accordance with generally accepted auditing standards. Statement A

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indicate whether you agree or disagree with the following statements concerning a financial statement audit conducted in accordance with generally accepted auditing standards. Statement A Public companies are ordinarily audited by a CPA firm, with engagement review by the General Accounting Office B Audits provide absoluto assurance of detecting material misstatements and reasonable assurance of detecting Immatorial misstatements For audit purposes, professional skepticism Includes a questioning mind cand a critical assessment of audit evidence and should be maintained throughout the planning and performance of an audit The Auditing Standards Board issues accounting principles for nonpublic D company audits, while the Public Company Accounting Oversight Board issues accounting principles for public company audits Auditors have a higher responsibility for detecting noncompliance with E laws affecting financial statement amounts and disclosures than they do for other laws When an auditing Standard uses the word "should this Indicates that the F auditor must in all cases follow it if the requirement is relevant to the company being audited G At one point, the Public Company Oversight Board adopted the AICPA buditing standards in existence as its Interim auditing standards International auditing standards are developed by the International . Auditing and Assurance Standards Board

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