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Homework 8th edition Chapter 16

Homework 8th edition Chapter 16 - Multiple Choice Questions...

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Multiple Choice Questions: 16-22. d. 16-23. d. 16-24. b. 16-25. b. 16-26. b. 16-27. d. 16-28. c. 16-29. c. 16-30. a. 16-31. c. 16-32. d. 16-33. a. 16-34. b. 16-35. a. 16-36. b. 16-37. a. 16-43 . 1, 3, 5, 6 are changes for which the auditor should add a paragraph to alert the readers. 16-46. Title 1. There is no title. It should include the word "independent." Introductory paragraph 2. All the financial statements audited are not identified. 3. Management's responsibility for the financial statements is omitted. Scope paragraph 4. Reference to "auditing standards generally accepted in the United States of America" is omitted. 5. An auditor obtains reasonable assurance about whether the financial statements are "free of material misstatement," not "in conformity with generally accepted accounting principles." 6. The statement that an audit includes "evaluating the overall financial statement presentation" is omitted. 7. The statement that the auditors "believe that our audit provides a reasonable basis for our opinion" is omitted.
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