In addition to the requirements of ASA and the ISA standards, the Corporations Act also prescribes the auditor's reporting duties. Which of the following does not constitute one of those duties?
A) forming an opinion on whether the financial statements are presented fairly.
B) forming an opinion as to whether financial records have been kept to enable the preparation and audit of the financial statements
C) forming an opinion that all information, explanation and assistance necessary for the conduct of the audit have been provided.
D) forming an opinion that the records and registers have been kept as required by law

Question

Quizplus · Accepted Answer

The duty of forming an opinion on whether the financial statements are presented fairly is a requirement of ASA and ISA standards, not specifically prescribed by the Corporations Act.

In Addition to the Requirements of ASA and the ISA