The auditor's opinion is expressed in the _______.
A)audit report
B)financial statement footnotes
C)retained earnings statement
D)risk response phase documentation

Question

Quizplus · Accepted Answer

The auditor's opinion is a formal statement included in the audit report expressing the auditor's opinion on whether the financial statements are free of material misstatement and comply with GAAP requirements. Financial statement footnotes and retained earnings statements provide additional information but do not contain the auditor's opinion. Risk response phase documentation is an internal audit document that outlines the auditor's plan for handling risks but is not a public report.

The Auditor's Opinion Is Expressed in the _______