Which of the following is not true about opinion on financial statements??

Audit Mcqs
BILAL KHATTAK0

A. The auditor should express an opinion on financial statements.
B. His opinion is no guarantee to future viability of business 
C. He is responsible for detection and prevention of frauds and errors in financial statements  
D. He should examine whether recognised accounting principle have been consistently

Related Mcqs:

  1. Which of the following statements is not true??
  2. Which of the following statements is not correct about materiality??
  3. The working papers which auditor prepares for financial statements audit are___________??
  4. Which of the following statement is true regarding an auditor’s working papers??
  5. The main object of an audit is _____________??
  6. Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true??
  7. Which of the following statements is /are true??
  8. For which step of accounting process the accountants of business entity prepare financial statements??
  9. In an audit of financial statements, substantive tests are audit procedures that __________??
  10. Errors of Omission are_____________??

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