Which of the following is true with respect to the auditor's report?
A)The report indicates that the company's financial statements were audited in accordance with generally accepted accounting standards.
B)The report indicates that the company's financial statements were audited in accordance with applicable auditing standards.
C)The report indicates that the company's financial statements were audited in accordance with the auditor's best judgment.
D)The report indicates that the company's financial statements were audited in accordance with statements issued by the FASB.

Question

Quizplus · Accepted Answer

The auditor's report indicates that the company's financial statements were audited in accordance with applicable auditing standards, such as Generally Accepted Auditing Standards (GAAS) in the United States or International Standards on Auditing (ISA) internationally. The auditor may also refer to other relevant standards or regulations depending on the circumstances. The report does not mention accounting standards or the auditor's best judgment.

Which of the Following Is True with Respect to the Auditor's