To assess fair presentation,the audit engagement partner considers the results of the final overall financial statement analysis,and assesses whether the overall presentation,structure,and content of the financial statements and notes represent the underlying transactions and events fairly,from the perspective of users.The auditor must be satisfied that the information presented in the financial statements is all of the following EXCEPT ________.
A)relevant
B)reliable
C)confidential
D)understandable

Question

Quizplus · Accepted Answer

Confidentiality is not a criteria for assessing fair presentation of financial statements. However, relevance, reliability, and understandability are important factors that the auditor must consider.

To Assess Fair Presentation,the Audit Engagement Partner Considers the Results