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Which the essence of a financial report audit is to

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Reference no: EM132796599

Problem 1: The essence of a financial report audit is to

Select one:

A. Detect fraud

B. Examine individual transactions so that the auditor may certify as to their validity

C. Determine whether the client's financial reports are fairly stated.

D. Assure the consistent application of correct accounting procedures

Problem 2: Analytical procedures used in planning an audit should focus on identifying:

Select one:

A. the various assertions that are embodied in the financial report

B. the predictability of financial data from individual transactions

C. material weaknesses in internal control

D. areas that may represent specific risk relevant to the audit

Reference no: EM132796599

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