Which of the following is one of the elements of AICPA quality control? A) Engagement performance. B) Supervision. C) Assurance of proper levels of association. D) Due professional care. Which of the following is a principle underlying an audit conducted in accordance with generally accepted auditing standards? A) An auditor's opinion enhances the degree of confidence that intended users can place in the financial statements. B) The audit provides reasonable assurance the client will remain in business for at least one year. C) Auditors are responsible for, among other things, maintaining professional objectivism, exercising professional engagement, and obtaining appropriate documentation. D) The audit report expresses an opinion on whether the financial statements are free of material and immaterial misstatement. A set of criteria used to determine measurement, recognition, representation, and disclosure of all material items appearing in the financial statements is referred to as a(n) A) Financial reporting framework. B) Special purpose audit standard. C) Quality control presentation standard. D) Public Company Accounting Oversight Board Criteria. The standard unmodified auditors' report for audits of nonpublic companies consists of the paragraphs. Identify the three paragraphs and describe the purpose of each. Auditors must consider the possibility of fraud by employees or management on every engagement. They must also consider the possibility that the client has not complied with (a) Distinguish between employee and management fraud. (b) Describe the auditors' responsibility for the detection of fraud in an audit