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5-30 LO 2 Which of the following is included as part of the AICPA ’ s principles governing an… 1 answer below » 5-30 LO 2 Which of the following is included as part of the AICPA’s principles governing an audit? a. Auditors need to obtain a high level of assurance that the financial statements are free of all misstatements. b. An audit has inherent limitations such that auditor cannot pro- vide absolute assurance about whether the financial statements are free of misstatement. c. Auditors need to maintain professional skepticism only on audits where there is a high View complete question » 5-30 LO 2 Which of the following is included as part of the AICPA’s principles governing an audit? a. Auditors need to obtain a high level of assurance that the financial statements are free of all misstatements. b. An audit has inherent limitations such that auditor cannot pro- vide absolute assurance about whether the financial statements are free of misstatement. c. Auditors need to maintain professional skepticism only on audits where there is a high risk of material misstatement. d. All of the above are included as part of the AICPA’s principles governing an audit. View less » Nov 30 2015 05:08 PM
