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Listed below are words and phrases from the auditors' standard report on a non-issuer's financial statements. For each of the words and phrases indicate by
Listed below are words and phrases from the auditors' standard report on a non-issuer's financial statements. For each of the words and phrases indicate by letter in which section of the standard report they should appear. A. Opinion on the Financial Statements section B. Basis for Opinion section C. Critical Audit Matters section D. None of these choices are correct 1. Audit provides a basis for an opinion. 2. The financial statements present fairly, in all material respects. 3. The risk of not detecting a material misstatement resulting from fraud is higher. 4. Our objectives are to obtain reasonable assurance. 5. 6. 7. 8. 9. Financial statements are in accordance with accounting principles generally accepted in the United States of America. Management responsible to evaluate whether substantial doubt exists about ability to continue as a going concern. Auditor communication of matters to audit committee that involve challenging, subjective, or complex judgments. Conducted our audits in accordance with the PCAOB standards. Auditors are required to be independent with respect to client 10. Have audited financial statements and internal control over financial reporting. BADBBACBBB
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