The auditor's judgment concerning the overall presentation of the audit entity's financial position is applied within the framework of:
A) the auditor's evaluation of the audited company's internal control.
B) auditing standards-either International Standards on Auditing, generally accepted auditing standards, or local auditing standards-which include the concept of materiality.
C) quality control.
D) accounting standards-either International Financial Reporting Standards, generally accepted accounting principles, or local accounting standards.

Question

Quizplus · Accepted Answer

The auditor's judgment on the financial position is based on accounting standards, which guide how financial information should be presented and disclosed.

The Auditor's Judgment Concerning the Overall Presentation of the Audit