8) CPC - Part 4 Flashcards
1
Q
what is assurance services?
A
when a PAIPP expresses a conclusion designed to enhance the degree of confidence of the intended users
2
Q
what is an audit opinion?
A
“FS are presented fairly, in all aspects…”
3
Q
what is a review opinion?
A
“FS are free from material misstatement”
4
Q
what quality must the auditor possess?
A
independence
5
Q
why does the auditor need independence?
A
for it to do its job objectively and provide the best info to the public
