When preparing the financial statements, auditors make assertions about each account and the related disclosures.

Name: When preparing the financial statements, auditors make assertions about each account and the related disclosures.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Auditors do not make assertions about accounts and disclosures; management does. Auditors evaluate the assertions made by management to determine the veracity and accuracy of the financial statements.

When Preparing the Financial Statements, Auditors Make Assertions About Each