A financial statement auditor is required to audit all of the following, except
A) income statement and balance sheet.
B) statement of cash flows.
C) management discussion and analysis.
D) notes to the financial statements.

Question

Quizplus · Accepted Answer

While the management discussion and analysis is an important component of a company's annual report, it is not required to be audited by an external auditor. The auditor is responsible for auditing the financial statements themselves (income statement, balance sheet, and statement of cash flows) and the accompanying notes to the financial statements.

A Financial Statement Auditor Is Required to Audit All of the Following