AGA Exam CGFM Topic 2 Question 44 Discussion

Actual exam question for AGA's CGFM exam

Question #: 44
Topic #: 2

[All CGFM Questions]

The auditors provide _______________ of the reliability of the financial statements.

AReasonable assurance

BSample

CMaterial misstatement

DNone of these

Show Suggested Answer

Suggested Answer: A

by Milly at Apr 26, 2024, 01:13 AM

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Jeffrey

7 months ago

Yes, that's why auditors use sampling to check a portion of the financial statements.

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Louann

7 months ago

But sometimes there could be material misstatements that are missed, right?

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Ronald

7 months ago

I think reasonable assurance means they do their best to ensure accuracy.

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Jonelle

8 months ago

The auditors provide reasonable assurance of the reliability of the financial statements.

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Wayne

8 months ago

Exactly, it's just reasonable assurance.

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Arthur

8 months ago

So they don't provide a guarantee?

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Wayne

8 months ago

The auditors provide reasonable assurance of the reliability of the financial statements.

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