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Which of the below statements are false? a. Management's responsibility for a non- public company paragraph mentions generally accepted accounting principles. b. Unqualified audit report
Which of the below statements are false? a. Management's responsibility for a non- public company paragraph mentions generally accepted accounting principles. b. Unqualified audit report is issued based on auditing standards board. * O a only. Neither a norb O a and b. O b only. Securities and Exchange Commission oversee: * The Auditing Standards Board. O Forensic Auditors Members of the Public Company Accounting Oversight Board. O The American Institute of Certified Public Accountants. The main reason an independent auditor reports on financial statements is to: * Identify if entity's internal control is weakly O designed and produces unreliable financial statements. O Add credibility, reliability and relevancy to entity's financial statements. Offer expertise to clients which may not be totally knowledgeable of prevailing GAAP. Provide stockholders with some assurance regarding the detection of any fraudulent activity. Sufficiency of audit evidence is related to the: * O Quality of audit evidence. Quantity of audit evidence. O Reliability of audit evidence. Relevance of audit evidence
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