Question

The basis for opinion paragraph of the AICPA Standard Unmodified Report should contain all of the...

The basis for opinion paragraph of the AICPA Standard Unmodified Report should contain all of the following except

                a. Audit was conducted with generally accepted audit standards

                b. Auditor had independence

                c. Auditor can only provide reasonable assurance

                d. Auditor gathered sufficient evidence

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Answer #1

Answer - c. Auditor can only provide reasonable assurance

Explanation-

The auditor's report should include a section, directly following the "Opinion" section, with the heading "Basis for Opinion," that does the following:
a. States that the audit was conducted in accordance with generally accepted auditing standards.
b. Refers to the section of the auditor's report that describes the auditor's responsibilities under GAAS
c. Includes a statement that the auditor is required to be independent of the entity and to meet the auditor's other ethical responsibilities, in accordance with the relevant ethical requirements relating to the audit.
d. States whether the auditor believes that the audit evidence the auditor has obtained is sufficient and appropriate to provide a basis for the auditor's opinion Going Concern

But it doesn't contain that Auditor can only provide reasonable assurance.

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