In making the technical review of the financial statements, the auditor is likely to use a detailed financial statement checklist provided by the:
A) client.
B) CPA Australia.
C) ASIC.
D) audit firm.

Question

Quizplus · Accepted Answer

The auditor is likely to use a detailed financial statement checklist provided by the audit firm. This checklist is designed to ensure that all relevant financial reporting standards and regulations are adhered to and that the financial statements are accurately prepared. Audit firms typically develop their own comprehensive checklists based on professional standards and their experience to guide auditors through the review process.

In Making the Technical Review of the Financial Statements, the Auditor