Which of the following can be the underlying subject matter of the audit?
A)The financial report of a company.
B)The Australian accounting standards.
C)The Australian auditing standards.
D)The auditor's report.

Question

Quizplus · Accepted Answer

The financial report of a company is the primary subject matter of an audit. The audit is conducted to provide reasonable assurance that the financial statements are free from material misstatement. The other options may be related to the audit process but are not the primary subject matter of the audit.

Which of the Following Can Be the Underlying Subject Matter