Auditors have a responsibility to report on all FASB-required supplementary information for publicly-traded companies.

Question

Quizplus · Accepted Answer

Auditors are primarily responsible for auditing the financial statements of a company. While they may review FASB-required supplementary information for consistency with the audited financial statements, their primary responsibility does not extend to reporting on all such supplementary information.

Auditors Have a Responsibility to Report on All FASB-Required Supplementary