The FASB provide the criteria against which the auditor can measure the fairness of financial statement presentation.

Question

Quizplus · Accepted Answer

The FASB (Financial Accounting Standards Board) provides guidance and standards for financial reporting, including criteria for determining the fairness and accuracy of financial statement presentation. Auditors use these criteria as a basis for evaluating the financial statements during their audit process.

The FASB Provide the Criteria Against Which the Auditor Can