Question 19

1. The purpose of an audit is to _______.

   		A. provide financial statement users with an opinion by an independent auditor on whether the financial statements are presented fairly in accordance with an applicable financial reporting framework
   		B. provide internal auditors with an opinion by the external auditor on whether the financial statements are presented fairly in accordance with an applicable financial reporting framework
   		C. provide absolute assurance that the financial statements conform to Generally Accepted Accounting Principles (GAAP)
   		D. help management ensure yearly bonuses will be received

Question 20

1. In the audit report, the auditor states that another party is responsible for the preparation of the financial statements. This party is _______.

   		A. the internal auditor
   		B. the client's legal counsel
   		C. management
   		D. the SEC