IIA Exam IIA-CGAP Topic 6 Question 77 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 77
Topic #: 6

All of the following are the objectives of an audit EXCEPT:

ACompliance with legislative or regulatory requirements and related authorities.

Bthe auditor's opinion enhances the credibility of the financial statements, the user Cannot assume that the opinion is an assurance as to the future viability of the entity nor the efficiency or effectiveness with which management has conducted the affairs of the entity.

CThe phrases used to express the auditor's opinion are ''give a true and fair view'' or ''present fairly, in all material respects,'' which are equivalent terms.

DThe objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with and identified financial reporting framework.

Show Suggested Answer

Suggested Answer: A

by Ashlyn at May 11, 2024, 03:01 AM

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Arlene

2 days ago

I agree with Talia, the objective of an audit is to express an opinion on the financial statements.

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Talia

4 days ago

I think the answer is D.

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Alecia

9 days ago

Whoa, this question is a tricky one! I'm not sure about the correct answer, but I'm pretty sure it's not B. The auditor's opinion doesn't guarantee the future viability of the entity, that's just common sense.

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