Certain fundamental beliefs called
"postulates" underlie auditing theory. Which
of the following is not a postulate of
auditing?
a. Economic assertions can be verified.
b. The auditor acts exclusively as an
auditor.
c. An audit has a benefit only to the
owners.
d. No long-term conflict exists between the
auditor and the management of the
entity under audit
"postulates" underlie auditing theory. Which
of the following is not a postulate of
auditing?
a. Economic assertions can be verified.
b. The auditor acts exclusively as an
auditor.
c. An audit has a benefit only to the
owners.
d. No long-term conflict exists between the
auditor and the management of the
entity under audit