In which paragraph of the standard audit report does the auditor communicate to the user that certain combining fund information in the financial statements is not part of the basic financial statements,but that such information has been subjected to auditing procedures and,in his or her opinion,is fairly presented in all material respects in relation to the basic financial statements?
A) Explanatory paragraph.
B) Scope paragraph.
C) Opening paragraph.
D) Opinion paragraph.

Question

Quizplus · Accepted Answer

The explanatory paragraph is used to provide additional information or clarification about the audit, including any additional procedures performed on supplementary information, such as combining fund information.

In Which Paragraph of the Standard Audit Report Does the Auditor