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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.

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Suggested Answer: A

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

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