Question: Auditing has been defined as the process of collecting and evaluating evidence to formulate an opinion about assertions made by management. What assertions does the

Auditing has been defined as the process of collecting and evaluating evidence to formulate an opinion about assertions made by management. What assertions does the external auditor address in an opinion as the result of a financial audit? What assertions does the external auditor address in giving an opinion as the result of a performance audit? What assertions does the external auditor address in giving an opinion as the result of a compliance audit of a MFAP?

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