An evaluation of the results of the detailed testing in light of the auditor's understanding of the client and forming an opinion on the fair presentation of the client's financial statements is associated with what phase of the audit?
A)The reporting phase
B)The response phase
C)The risk assessment phase
D)The risk of material misstatement phase

Question

Quizplus · Accepted Answer

The evaluation of the results of the detailed testing in light of the auditor's understanding of the client and forming an opinion on the fair presentation of the client's financial statements is associated with the reporting phase of the audit. This is the final phase of the audit where the auditor provides an opinion on whether the financial statements are fairly presented in accordance with the applicable financial reporting framework.

An Evaluation of the Results of the Detailed Testing in Light