QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

65. Which of the following statement is most likely to be correct about standard auditor’s opinion? A. The financial statements are prepared by management and the auditor has performed a dependent review B. Generally accepted auditing standards are followed and provide reasonable assurance that financial statements contain no material errors C. The statements are prepared in accordance with GARP and the principles chosen and estimates made are reasonable