After the auditor has completed all the procedures, it is necessary to combine the information obtained to reach an overall conclusion as to whether the financial statements are fairly presented. This is a highly subjective process that relies heavily on:
A) the Code of Professional Conduct.
B) generally accepted auditing standards.
C) generally accepted accounting principles.
D) the auditor's professional judgement.

Question

Quizplus · Accepted Answer

The process of combining all the information obtained by the auditor to reach an overall conclusion is a highly subjective process that heavily relies on the auditor's professional judgement. The Code of Professional Conduct, generally accepted auditing standards, and generally accepted accounting principles provide guidelines and standards, but ultimately, it is up to the auditor's professional judgement to determine whether the financial statements are fairly presented.

After the Auditor Has Completed All the Procedures, It Is