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QUESTION 5 An Integrated Audit Report provides opinion(s) on which of the following? C A.The financial statements C B. Internal controls C C. Both financial
QUESTION 5 An Integrated Audit Report provides opinion(s) on which of the following? C A.The financial statements C B. Internal controls C C. Both financial statements and internal controls C D.Neither financial statements or internal controls 1. 2.5 points QUESTION 6 What can users of the audit report reasonably expect from the audited financial statements? C A.The financial statements are complete and contain many of the important financial 1. disclosures C B. The financial statements are presented fairly according to the substance of GAAP. C C.The financial statements are free from all errons D.All of the above o 2.5 points QUESTION 7 How is the audit report referred to when the auditor has no reservations about management's financial statements? O A.An unqualified report 1. B. A qualified report C C.An adverse report C D.An integrated report 2.5 points QUESTION 8 What document communicates the conclusions of the financial statement audit? C A. The financial statement O B. Written management assertion C C.The audit report O D.None of the above . 2.5 points QUESTION 9 Who is responsible for internal controls within an organization? C A.The internal auditor C B. The external auditor C C.Management c D.The PCAOB 1
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