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Submit TB MA Qu. 12-88 Listed below are words and phrases... Listed below are words and phrases from the auditors' standard (unmodified) report on a

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Submit TB MA Qu. 12-88 Listed below are words and phrases... Listed below are words and phrases from the auditors' standard (unmodified) report on a non-issuer's financial statements. For each of the words and phrases indicate by letter in which section of the standard (unmodified) report they should appear. A. Opinion Section B. Basis for Opinion Section C. Responsibilities of Management for the Financial Statements Section D. Auditor's Responsibilities for the Audit of the Financial Statements Section B 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. Financial statements are in acoordance with accounting principles generally accepted in the United States of America. 6. Management responsible to evaluate whether substantial doubt exists about ability to continue as a going concern 7. Auditor communication of scope and timing of audit with those charged with governance. 8. Conducted our audits in accordance with the auditing standards generally accepted in the United States of America 9. Management is responsible for the design, implementation, and maintenance of internal control. 10. We have audited the financial statements. D D D A C

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