Post Utme Igbinedion University 2017 Commerce Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2017 Commerce Objective / Multiple Choice
Question 40 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statements are audited annually by an independent auditor. The auditor's report is based on the financial statements prepared by the company's management. Which of the following is a limitation of the auditor's report?

Answer Options

A. The auditor's report may not reflect the company's true financial position.
B. The auditor's report may not be based on the company's financial statements.
C. The auditor's report may not be prepared by an independent auditor.
Correct Answer D. The auditor's report may not be based on the company's financial statements prepared by management.
Correct Answer
D
Correct Option:
The auditor's report may not be based on the company's financial statements prepared by management.

About This Question

This is Post Utme Igbinedion University 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.

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