Choice b is incorrect while the fourth reporting

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Unformatted text preview: nancial statements. Choice "b" is incorrect. While the fourth reporting standard may deter deliberate limitation of scope by the client, this is not its objective. Choice "d" is incorrect. An auditor may express an opinion on one financial statement, such as a balance sheet, and not on other related financial statements, as long as the auditor's procedures have not been restricted. 2. CPA-02370 The auditor's standard report should include reference to the United States as the country of origin of: I. The accounting principles used to prepare the financial statements. II. The auditing standards the auditor followed in performing the audit. a. b. c. d. I only. II only. Both I and II. Neither I nor II. CPA-02370 Choice "c" is correct. The auditor's standard report should include reference to the United States as the country of origin of both the accounting principles used to prepare the financial statements and the auditing standards the auditor followed in performing the audit. Choice "a" is incorrect, since the auditor's standard report should include reference to the country of origin of the auditin...
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