CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

An auditor can provide reasonable assurance regarding the ______.

I. financial statements themselves
II. health of the company itself
III. integrity of company records
Correct Answer: I only

An unqualified/clean opinion means the company's condition, position, and operations are fairly presented in the financial statements.

User Contributed Comments 2

User Comment
leon121 Why not integrity of company records?? Auditors check inventories, check the books, etc...
Kennyk11 I believe it's because while the auditor is able to determine if the numbers are correct, they cannot be fully responsible in the case that the audited company decided to falsify their documents, disregarding integrity. There's only so much that an auditor can do and their job is to make sure the numbers are right.
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