In a compliance audit, which of the following matters is the auditor primarily concerned about?
A)Whether the financial report is fairly presented in accordance with the identified financial reporting framework.
B)Whether the entity has achieved its stated objectives.
C)Whether the entity has followed the relevant requirements applicable to it.
D)Whether the entity has operated in the most economic and efficient manner.

Question

Quizplus · Accepted Answer

In a compliance audit, the primary concern of the auditor is whether the entity has followed the relevant requirements applicable to it, such as laws, regulations, and contractual agreements. The other options are not related to a compliance audit. Option A pertains to a financial statement audit, option B pertains to operational audit, and option D pertains to a performance audit.

In a Compliance Audit, Which of the Following Matters Is