Question

The Reporting section of the Principles Underlying an Audit Conducted in Accordance with GAAS requires that the report, "states whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework." This passage requires:_________.

A. an opinion by the auditor.
B. a statement of fact by the auditor.
C. an objective measure of compliance.
D. an implied measure of fairness.

Answer 1

A

Step-by-step explanation:

The Reporting section of the Principles Underlying an Audit Conducted in Accordance with GAAS requires that the report, "states whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework." This passage requires an opinion by the auditor.

Auditors look into a company's financial numbers and accounting practices to ensure they're consistent and comply with GAAP.

Answer 2

The correct answer is A. an opinion by the auditor

Step-by-step explanation:

Auditors look into a company financial Numbers and accounting practices to ensure they're consistent and comply with GAAP.

The Reporting section of the Principles Underlying an Audit Conducted in Accordance with GAAS requires that the report, "states whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework." This passage requires an opinion by the auditor