As part of her annual review Roma Lazor reviews her client's draft financial statements for proper disclosurand compliance to accounting standards. This best describwhich control objective(s)?
A) posting
B) classification and understandability
C) valuation
D) timeliness

Question

Quizplus · Accepted Answer

The control objective of reviewing client's financial statements for proper disclosure and compliance to accounting standards falls under classification and understandability. This refers to the proper presentation of financial information in a clear and concise manner that facilitates easy comprehension by intended users.

As Part of Her Annual Review Roma Lazor Reviews Her