According to CAS 700,the unmodified audit report's title should be
A)"Unmodified Report of the Auditor."
B)"Audited Financial Statements."
C)"Auditors' Report."
D)"Independent Auditors' Report."

Question

Quizplus · Accepted Answer

According to CAS 700, the title of the unmodified audit report should be "Independent Auditors' Report." Therefore, option D is the correct choice. Option A is incorrect because it does not have the word "independent." Option B is incorrect because it is too general and does not specifically indicate that it is an audit report. Option C is also incorrect as it does not include the word "independent" and does not specifically mention that it is an audit report.

According to CAS 700,the Unmodified Audit Report's Title Should Be