The auditor's best course of action with respect to 'other financial information' included in an annual report containing the auditor's report is to:
A)consider whether the 'other financial information' is accurate by performing a review engagement.
B)indicate in the auditor's report that the 'other financial information' is unaudited.
C)read and consider the manner of presentation of the 'other financial information'.
D)obtain written representations from management as to the material accuracy of the 'other financial information'.

Question

Quizplus · Accepted Answer

The best course of action for the auditor with respect to 'other financial information' included in an annual report containing the auditor's report is to read and consider the manner of presentation of the 'other financial information'. The auditor is not required to perform any additional procedures to ensure the accuracy of the 'other financial information', but they are required to be aware of any material inconsistencies between the audited financial statements and the 'other financial information'. Indicating in the auditor's report that the 'other financial information' is unaudited or obtaining written representations from management as to the material accuracy of the 'other financial information' are not the best course of action, as these actions do not provide any meaningful assurance about the accuracy of the 'other financial information'.

The Auditor's Best Course of Action with Respect to 'Other