The profession recognises the need for uniformity in reporting:
A) as a means of avoiding confusion.
B) because ASA 700 and ASA 705 have defined and enumerated the types of audit reports that should be included with general- purpose financial reports.
C) because users would have considerable difficulty interpreting the meaning of an auditor's report if each were an original creation.
D) all of the above

Question

Quizplus · Accepted Answer

All three options are valid reasons why the profession recognises the need for uniformity in reporting. Avoiding confusion, complying with professional standards (such as ASA 700 and ASA 705), and facilitating interpretation by users are all important considerations. Having a standard format for audit reports also enhances the credibility of the auditing profession and helps to ensure consistent quality in the audit process.

The Profession Recognises the Need for Uniformity in Reporting