WGU D251 Advanced Auditing Final Exam | Questions with 100% Correct Answers | Verified | Latest Update | 42 Pages

WGU D251 Advanced Auditing Final Exam | Questions with 100% Correct Answers | Verified | Latest Update | 42 Pages
Question : The auditor's judgment concerning the overall
fairness of the presentation of financial position, results of
operations, and cash flows is applied within the framework
of:
A: quality control.
B: generally accepted auditing standards, which include the
concept of materiality.
C: the auditor's evaluation of the audited company's internal
control.
D: the applicable financial reporting framework (i.e., GAAP
in the United States).
Correct answer: D: the applicable financial reporting
framework (i.e., GAAP in the United States).

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