Which of the following is not true with respect to the auditors' report for an issuer?
A)The report title should contain the word "independent."
B)The report provides a detailed listing of major auditing procedures performed during the examination.
C)The opinion assesses the financial statements against an applicable financial reporting framework.
D)The report specifically identifies the financial statements and years examined by the auditor.

Question

Quizplus · Accepted Answer

The auditors' report does not provide a detailed listing of major auditing procedures performed during the examination. It includes an opinion on the financial statements, identifies the financial statements and years examined, and indicates the financial reporting framework used. The report title should contain the word "independent" to signify that the auditor is independent of the company being audited.

Which of the Following Is Not True with Respect to the Auditors