Which two actions do internal auditors perform to assist in maintaining the integrity of financial statements?Choose 2 answers They review financial records and internal controls. They search for and investigate fraud. They issue opinions regarding whether financial statements align with Generally Accepted Accounting Principles (GAAP). They perform the initial accounting for various transactions.

In addition to the audit of financial statements, it is also the responsibility of the auditor to establish and maintain internal controls that are effective in preventing and detecting material misstatements. Group of answer choices True False

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

Which of the following statements regarding external auditors is true?Select answer from the options belowThey are employees hired to evaluate the effectiveness of a company's system of internal control.They are employees hired to conduct internal reviews.They are independent professional accountants contracted by companies to report on the fair presentation of the financial statements.They periodically review department activities to determine if controls are being followed.

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

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