Which of the following is a factor that creates a need for an independent auditor's assessment of the financial statement presentation?
A)Complexity of transactions affecting the financial statements.
B)Lack of criteria on which to base information.
C)Remoteness of the user from the organization.
D)Both A and C.

Question

Quizplus · Accepted Answer

Complexity of transactions affecting the financial statements and remoteness of the user from the organization are both factors that create a need for an independent auditor's assessment of the financial statement presentation. Lack of criteria on which to base information may also create a need for an independent auditor's assessment but is not listed as one of the answer choices.

Which of the Following Is a Factor That Creates a Need