Which of the following is an assertion about an account balance?

Cutoff

Rights and Obligations

Accuracy

Classification

2.

Which auditors' report states that management is responsible for internal control?

PCAOB

ASB

Both of the above

None of the above

3.

Which of the following situations would an auditor not issue a qualified opinion?

Pending litigation puts the client at serious risk of bankruptcy.

A material misstatment was uncovered that was a departure from GAAP.

The financial statements provided by the client has insufficent disclosure.

The audit scope was limited in one area.