Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AGA Exam CGFM Topic 4 Question 42 Discussion

Actual exam question for AGA's CGFM exam
Question #: 42
Topic #: 4
[All CGFM Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: A

by Bernardo at Mar 18, 2024, 02:35 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Josefa
8 months ago
True, material misstatements can have a significant impact on the decision-making process of users relying on the financial statements.
upvoted 0 times
...
Suzan
8 months ago
I think material misstatement is also important to consider, as it can impact the overall accuracy of the financial statements.
upvoted 0 times
...
Lenny
8 months ago
Using a sample can help in testing transactions, but reasonable assurance involves more comprehensive testing.
upvoted 0 times
...
Sylvia
8 months ago
But what about using a sample for auditing, isn't that enough to ensure reliability?
upvoted 0 times
...
Barrett
9 months ago
I agree, reasonable assurance means the auditors have conducted enough testing to give a high level of confidence.
upvoted 0 times
...
Chery
9 months ago
I think the auditors provide reasonable assurance of the reliability of the financial statements.
upvoted 0 times
...
Novella
9 months ago
So, it's important for auditors to provide reasonable assurance to help detect material misstatements.
upvoted 0 times
...
Rosio
9 months ago
That's true, material misstatements can have a significant impact on the financial statements.
upvoted 0 times
...
Reed
9 months ago
Sample methods can be helpful, but they may not always catch material misstatements.
upvoted 0 times
...
Novella
10 months ago
But what about using sample methods for auditing?
upvoted 0 times
...
Rosio
10 months ago
I agree, reasonable assurance is crucial for ensuring the reliability of financial statements.
upvoted 0 times
...
Reed
10 months ago
The auditors provide reasonable assurance.
upvoted 0 times
...

Save Cancel