The audit objective that footnotes in the financial statements should be clear and expressed so 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 audit objective related to ensuring that footnotes are clear and easily understood aligns with the assertion of "Understandability," which focuses on the clarity and comprehensibility of the information presented.

The Audit Objective That Footnotes in the Financial Statements Should