The components of an audit report include all of the following except
A) title, address and introductory paragraph.
B) management's responsibility for the financial statements.
C) a statement that accounting estimates are reasonable.
D) other reporting responsibilities.

Question

Quizplus · Accepted Answer

The components of an audit report include a title, address and introductory paragraph, management's responsibility for the financial statements, and other reporting responsibilities. The audit report may also include paragraphs discussing the scope of the audit, significant accounting policies and practices, and any uncertainties or disagreements encountered during the audit. However, a statement that accounting estimates are reasonable is not typically a separate component of the audit report, but rather is included within the overall opinion on the financial statements.

The Components of an Audit Report Include All of the Following