The audit objective that footnotes in the financial statements should be clear and expressed such that the information is easily conveyed to the readers of the financial statements is related most closely with which of the ASB presentation and disclosure assertions?
A)Occurrence.
B)Rights and obligations.
C)Comprehensibility.
D)Understandability.

Question

Quizplus · Accepted Answer

The assertion related to clear and easily conveyed information in the footnotes of financial statements is most closely related to the Understandability assertion, which is concerned with whether information is presented in a clear and understandable manner for the intended users.

The Audit Objective That Footnotes in the Financial Statements Should