To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, the auditor fulfills several performance responsibilities, including
A. complying with the AICPA Code of Professional Conduct.
B. issuing a written report on the financial statements.
C. determining and applying materiality levels.
D. having the appropriate competence to perform the audit.
Answer:C
To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, the auditor fulfills several performance responsibilities, including
A. complying with the AICPA Code of Professional Conduct. B. issuing a written report on the financial statements. C. determining and applying materiality levels. D. having the appropriate competence to perform the audit.