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RTRP - IRS Registered Tax Return Preparer Test

Category - ABFA General Topics

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What does an auditor look for?

Reasonable assurance about the financial information being true and fair
Absolute assurance about authenticity of financial statements
Relative assurance
None of these

Explanation

Answer: A - An auditor looks to ensure reasonable assurance that the financial statements are prepared, in every material aspect, as per the required guidelines. Truthfulness and fairness are two parameters that are investigated.

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