Presentation- and disclosure-related objectives are more important in phase IV of the audit.

Question

Quizplus · Accepted Answer

In phase IV of the audit, the auditor focuses on presentation- and disclosure-related objectives, including evaluating the overall presentation of financial statements and assessing whether the disclosures are adequate and in compliance with accounting standards. This is because these objectives are crucial for ensuring that the financial statements provide a true and fair view of the company's financial performance and position. Therefore, presentation- and disclosure-related objectives are more important in phase IV of the audit.

Presentation- and Disclosure-Related Objectives Are More Important in Phase IV