# Which of the following is not true about opinion on financial statements? with Answer - Auditing Mcqs | TestPrep

> Solved MCQ: Which of the following is not true about opinion on financial statements? Correct Answer: C. He is responsible for detection and prevention of frauds and errors in financial statements. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

---

Tested in Competitive Exams:

- [NTS Test Prep](https://test-prep.blog/exams/nts)
- [FPSC Past Papers](https://test-prep.blog/exams/fpsc)
- [PPSC Solved MCQs](https://test-prep.blog/exams/ppsc)
- [PMDC MDCAT 2026](https://test-prep.blog/exams/mdcat)
- [UET ECAT Prep](https://test-prep.blog/exams/ecat)
- [CSS Central Superior](https://test-prep.blog/exams/css)

- [Auditing Mcqs](https://test-prep.blog/categories/auditing-mcqs)
Difficulty: Moderate 73% Accuracy

# Which of the following is not true about opinion on financial statements?

Direct Answer & Quick Reference

The correct option is **C. He is responsible for detection and prevention of frauds and errors in financial statements**.

A. The auditor should express an opinion on financial statements.

B. His opinion is no guarantee to future viability of business

C. He is responsible for detection and prevention of frauds and errors in financial statements **(Correct Answer)**

D. He should examine whether recognised accounting principle have been consistently

✨ Explain with AI

Verified Key: C. He is responsible for detection and prevention of frauds and errors in financial statements
Solved by 3,383+ students

Verified against official examination board answer keys and standard curriculum textbooks.

- [Previous Question Audit fess is a part of _____ .](https://test-prep.blog/mcq/audit-fess-is-a-part-of-929fc542-1a62-443d-ae5b-952d5cd4c376)
- [Next Question IFRS 9 explains about?](https://test-prep.blog/mcq/ifrs-9-explains-about-5f774676-240d-465a-9abb-d961f883f061)

- [Practice More Auditing Mcqs MCQs](https://test-prep.blog/quiz/smart?category=auditing-mcqs)
- [How We Verify Questions →](https://test-prep.blog/editorial-policy)

## Subject Overview

Explore thousands of solved past paper MCQs for Auditing Mcqs categorized with explanations.

- [Browse All Auditing Mcqs MCQs →](https://test-prep.blog/categories/auditing-mcqs)

## Related Questions

- [Audit fess is a part of _____ .](https://test-prep.blog/mcq/audit-fess-is-a-part-of-929fc542-1a62-443d-ae5b-952d5cd4c376)
- [IFRS 9 explains about?](https://test-prep.blog/mcq/ifrs-9-explains-about-5f774676-240d-465a-9abb-d961f883f061)
- [Scope of financial audit is _____ ?](https://test-prep.blog/mcq/scope-of-financial-audit-is-c200cc7c-0bec-493d-ad07-19f622370b56)
- [Auditing engagement can be performed w.r.t.](https://test-prep.blog/mcq/auditing-engagement-can-be-performed-wrt-494f868a-b165-475a-bb2e-ecd82533fdbd)
- [How many Standards on Auditing have been issued?](https://test-prep.blog/mcq/how-many-standards-on-auditing-have-been-issued-e6cf65b5-24f1-44b2-a523-f5d63b37269c)

---
*Source: https://test-prep.blog/mcq/which-of-the-following-is-not-true-about-opinion-on-financial-statements-3371e110-e903-4e01-8c63-5043fdb16f3a*
*Format: Markdown for Agents (Content Negotiation: text/markdown)*