The auditor must evaluate whether the financial statements are consistent with the requirements of the applicable financial reporting framework for which of the following items?
A)the financial statements adequately disclose the significant accounting policies used
B)the accounting policies selected are consistent with management's policies
C)the accounting estimates made by management are reasonable
D)the information presented in the accounting records is relevant,reliable,comparable,and understandable
E)the financial forecasts made by management are accurate
F)both A and C
G)both C and E
H)both D and E

Question

Quizplus · Accepted Answer

The auditor is responsible for evaluating whether the financial statements are consistent with the requirements of the applicable financial reporting framework, including the adequacy of significant accounting policies disclosure (choice A) and the reasonableness of accounting estimates made by management (choice C).

The Auditor Must Evaluate Whether the Financial Statements Are Consistent