An audit requires an understanding of all the control activities related to each significant class of transactions, account balance, and disclosure in the financial statements or to every assertion relevant to them.Select one:TrueFalse

The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements.Select one:TrueFalse

Auditing enables the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an identified financial reporting framework.Select one:TrueFalse

The auditor shall obtain an understanding of the major activities that the entity uses to monitor internal control over financial reporting, but excluding those related to those control activities relevant to the audit.Select one:TrueFalse

The financial statements subject to audit are those of the entity, prepared and presented by management of the entity with oversight from those charged with governance.Select one:TrueFalse

.Question 3How is auditing related to accounting?