What document communicates the conclusions of the financial statement audit?
A)The financial statements.
B)Written management assertions.
C)The audit report.
D)None of the above.

Question

Quizplus · Accepted Answer

The audit report communicates the conclusions of the financial statement audit, including any material weaknesses or deficiencies in internal controls, any errors or misstatements found during the audit, and the overall accuracy and fairness of the financial statements. The other options (A and B) are necessary components of the audit process, but do not by themselves communicate the conclusions of the audit.

What Document Communicates the Conclusions of the Financial Statement Audit