The essence of the attest function is to:
A)assure the consistent application of correct accounting procedures.
B)determine whether the client's financial statements are fairly stated in accordance with an applicable financial reporting framework.
C)examine individual transactions so that the auditor may certify as to their validity.
D)detect collusion and fraud.

Question

Quizplus · Accepted Answer

The attest function is primarily focused on determining whether a client's financial statements are fairly presented in accordance with an applicable financial reporting framework. It does not involve an examination of individual transactions, nor is its primary aim to detect fraud or collusion (although these may be uncovered during the course of an audit). While the attest function does involve a certain amount of assurance that correct accounting procedures are being followed, this is not its primary focus.

The Essence of the Attest Function Is To