In order to express an opinion, the auditor obtains a level ofassurance about whether the financial statements are free frommaterial misstatement, whether due to error or fraud. Which of thefollowing is required of the auditor in obtaining this level ofassurance? (Points : 10)
Plan the work and properly supervise any assistants.
Obtain absolute assurance that the financial statements are notmisstated due to fraud on the part of management.
Determine the applicable financial reporting framework andprepare an adequate description of the framework for inclusion inthe financial statements
Exercise his or her specific legal powers and authority ininvestigating suspicious activities of the entity’s employees,including management.