RTRP - IRS Registered Tax Return Preparer Test

Category - Specialized Forensic Knowledge

What does an auditor aim for when auditing financial statements?
  1. Reasonable assurance
  2. Absolute assurance
  3. Exclusive assurance
  4. Inclusive assurance
Explanation
Answer: A - One aim of the auditor is to provide reasonable assurance about the financial statements. The statements should be true and fair of the information presented. The assurance provided by the auditor can only be reasonable, not absolute.
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