Which of the following is an incorrect
statement relating to the theoretical
framework of auditing?
a. Effective internal control structure
reduces the probability of fraud or
irregularities in an organization.
b. Application of generally accepted
accounting principles results in a fair
presentation of financial statements.
c. When examining financial data for the
purpose of expressing an independent
opinion thereon, the auditor acts
exclusively in the capacity of an auditor.
d. In collecting evidence, auditors
should maintain an attitude of trust
about their clients' assertions.
statement relating to the theoretical
framework of auditing?
a. Effective internal control structure
reduces the probability of fraud or
irregularities in an organization.
b. Application of generally accepted
accounting principles results in a fair
presentation of financial statements.
c. When examining financial data for the
purpose of expressing an independent
opinion thereon, the auditor acts
exclusively in the capacity of an auditor.
d. In collecting evidence, auditors
should maintain an attitude of trust
about their clients' assertions.