All of the following are true with respect to the auditor's consideration of information other than the audited financial statements that are included in an entity's annual report except:
A)the auditor is under no obligation to perform audit procedures on this other information.
B)the auditor must consider whether the other information is consistent with the information contained in the audited financial statements.
C)the auditor must request that material inconsistencies be corrected.
D)the auditor must perform audit procedures on this other information.

Question

Quizplus · Accepted Answer

The other options are true, but option D is incorrect. The auditor is not obliged to perform audit procedures on the other information included in the annual report. However, the auditor should read the other information and consider whether it is materially inconsistent with the audited financial statements. If the auditor identifies any inconsistencies, they should request that the information be corrected.

All of the Following Are True with Respect to the Auditor's