The phrase 'auditing standards require that we...plan and perform the audit to obtain reasonable assurance whether the financial report is free of material misstatement' is included in the opinion paragraph of an audit report.

Question

Quizplus · Accepted Answer

This phrase is typically included in the scope paragraph, not the opinion paragraph, of an audit report. The opinion paragraph states the auditor's conclusion about the financial statements.

The Phrase 'Auditing Standards Require That We