The preparation of the financial statements by management contain complex estimates; therefore, the auditor has to rely upon evidence which is convincing, not just persuasive.

Question

Quizplus · Accepted Answer

The auditor's objective is to obtain reasonable assurance that the financial statements as a whole are free from material misstatement, whether due to fraud or error, which means the evidence obtained needs to be persuasive enough to support the auditor's opinion, not necessarily convincing beyond any doubt.

The Preparation of the Financial Statements by Management Contain Complex