B explicitly referred to in the opening paragraph of

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Unformatted text preview: nding a client’s system of internal control is not a required part of the audit process. LO 8 mes25435_ch01_001-032.indd mes25435_ch01_001-032.indd 28 1-18 1-20 Preliminary engagement activities include a. Understanding the client and the client’s industry. b. Determining audit engagement team requirements. c. Ensuring the independence of the audit team and audit firm. d. All of the above. 26/05/11 9:24 PM Confirming Pages Chapter 1 An Introduction to Assurance and Financial Statement Auditing 29 LO 9 1-21 Which of the following statements best describes what is meant by an unqualified audit opinion? a. Issuance of an unqualified auditor’s report indicates that in the auditor’s opinion the client’s financial statements are not fairly enough presented in accordance with agreed-upon criteria to qualify for a clean opinion. b. Issuance of an unqualified auditor’s report indicates that the auditor is not qualified to express an opinion that the client’s financial statement...
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