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State whether each of the following statements concerning the auditors standard report of a nonpublic company is True or False: - A. B. The report

State whether each of the following statements concerning the auditors standard report of a nonpublic company is True or False:

- A. B.

The report indicates that management is responsible for the preparation of the financial statements.

- A. B.

The report should begin with CPAs Report at the top.

- A. B.

The report is ordinarily addressed to whom it may concern

- A. B.

The report indicates that the auditors responsibility is to obtain particular assurance about whether the financial statement is free of material misstatements.

- A. B.

The report ordinarily concludes on whether the financial statement is in conformity with generally accepted auditing standards.

- A. B.

The report indicates that the audit procedures selected depend on the auditors judgment.

- A. B.

The report indicates that the audit evidence obtained is sufficient and appropriate to provide a basis for the audit opinion.

- A. B.

The report indicates that the auditors consider and provide an opinion on internal control.

A.

True

B.

False

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