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

Limited Time Offer

25%

Off

Get Premium CGFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jeffrey

8 months ago

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

upvoted 0 times

...

Louann

8 months ago

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

upvoted 0 times

...

Ronald

8 months ago

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

upvoted 0 times

...

Jonelle

9 months ago

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

upvoted 0 times

...

Wayne

9 months ago

Exactly, it's just reasonable assurance.

upvoted 0 times

...

Arthur

9 months ago

So they don't provide a guarantee?

upvoted 0 times

...

Wayne

9 months ago

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

upvoted 0 times

...