When other information is presented in a document with audited financial statements, the auditors' report should
A)state that the auditor read the other information for inconsistencies and misstatements with the financial statements.
B)provide limited assurance as to whether the other information is presented in accordance with generally accepted accounting principles.
C)reference the other information only if inconsistencies or material misstatements are identified between this information and the financial statements.
D)be expanded to express an opinion that the other information is consistent with the financial statements and not materially misstated.

Question

Quizplus · Accepted Answer

The auditors' report should state that they have read the other information for inconsistencies and misstatements with the financial statements as required by auditing standards. This helps provide users of the financial statements with assurance that the other information is not materially misstated or inconsistent with the financial statements. Options B, C, and D are incorrect because they do not accurately reflect the auditor's responsibilities when it comes to other information included in the document.

When Other Information Is Presented in a Document with Audited