An audit conducted in accordance with PSAs and relevant ethical requirements enables the auditor to form that opinion.Select one:TrueFalse

Audit in accordance with PSAs is conducted on the premise that management and, where appropriate, those charged with governance have responsibilities that are fundamental to the conduct of the audit.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

When designing and performing audit procedures, the auditor shall consider the relevance and reliability of the information to be used as audit evidence.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

A practitioner's report expressing an opinion on an entity's internal controls should state that the study and evaluation of the internal controls was conducted in accordance with Philippine Standards on Auditing (PSA).Select one:TrueFalse