Reading 29: Financial Statement Analysis: An Introduction - statements, following, company, respect, likely

mayanfang1

Q1. Which of the following is an independent auditor least likely to do with respect to a company’s financial statements?

A)   Prepare and accept responsibility for them.

B)   Provide an opinion concerning their fairness and reliability.

C)   Confirm assets and liabilities contained in them.

Q2. Which of the following would NOT require an explanatory paragraph added to the auditors’ report?

A)     Doubt regarding the "going concern" assumption.

B)     Statements that the financial information was prepared according to GAAP.

C)     Uncertainty due to litigation.

Q3. The standard auditor's report is most likely required to:

A)   provide an "unqualified" opinion if material uncertainties exist.

B)   provide reasonable assurance that the financial statements contain no material errors.

C)   provide reasonable assurance that management is reliable.

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shannyzheng

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sheenevah

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 谢谢