The auditor should obtain evidence that management acknowledges its responsibility for the fair presentation of the financial statements in accordance with GAAP in the Philippines, and has approved the financial statements. The auditor can obtain evidence of management's acknowledgment of such responsibility and approvalI. From relevant minutes of meetings of the board of directors or similar body.II. By obtaining a written representation from management.III. By obtaining a signed copy of the financial statementsSelect one:a.None of theseb.I onlyc.Any of thesed.Either I or II

The financial statements subject to audit are those of the entity, prepared and presented by external auditors of the entity with oversight from the managementSelect one:TrueFalse

These are necessary information that the auditor requires in connection with the audit of the entity's financial statements.I : Management RepresentationII : Auditor's RepresentationSelect one:a.Either A or Bb.Both A and Bc.I onlyd.II only

In conducting an audit of financial statements, the overall objectives of the auditor are:I : To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework;II : To report on the financial statements, and communicate as required by the PSAs, in accordance with the auditor's findings.Select one:a.Both I and IIb.Neither I nor IIc.II onlyd.I only

Who is responsible for preparing a company’s financial statements?1 pointThe audit committee of the Board of DirectorsThe Financial Accounting Standards BoardThe company's external auditorThe company's tax departmentCompany management

The audit of the financial statements relieves management or those charged with governance of responsibilities.Select one:TrueFalse