Which of the following is not true about opinion on financial statements?
A. The auditor should express an opinion on financial statements.
B. His opinion is no guarantee to future viability of business.
C. He is responsible for detection and prevention of frauds and errors in financial statements.
D. He should examine whether recognized accounting principles have been consistently.
Answer:A
Which of the following is not true about opinion on financial statements?
A. The auditor should express an opinion on financial statements. B. His opinion is no guarantee to future viability of business. C. He is responsible for detection and prevention of frauds and errors in financial statements. D. He should examine whether recognized accounting principles have been consistently.