The auditor's best course of action with respect to "other financial information" included in an annual report containing the auditor's report is to
A) Indicate in the auditor's report that the "other financial information" is unaudited.
B) Consider whether the "other financial information" is accurate by performing a limited review.
C) Obtain written representations from management as to the material accuracy of the "other financial information."
D) Read and consider the manner of presentation of the "other financial information."

Question

Quizplus · Accepted Answer

The auditor's best course of action with respect to "other financial information" included in an annual report containing the auditor's report is to read and consider the manner of presentation of the "other financial information." The auditor is not required to audit or review the "other financial information" and may not provide any assurance on its accuracy. However, the auditor should consider whether the "other financial information" appears to be materially inconsistent with the audited financial statements or involves a misstatement of fact. The auditor should also consider the auditor's responsibility paragraph in the auditor's report, which states that the auditor's responsibility is to express an opinion on the financial statements, and not on the "other financial information" included in the annual report.

The Auditor's Best Course of Action with Respect to "Other