The last generic step in a financial statement audit has the strongest relationship to one of the ___ standards in GAAS.
A)General
B)Field work
C)Reporting
D)Documentation

Question

Quizplus · Accepted Answer

The last generic step in a financial statement audit is reporting, which has a strong relationship with the reporting standard in GAAS. This standard concerns the auditor's responsibilities for issuing an opinion on the financial statements and related disclosures, and requires the auditor to express an opinion in the auditor's report as to whether the financial statements are presented fairly in all material respects in accordance with the applicable financial reporting framework.

The Last Generic Step in a Financial Statement Audit Has