When audited financial statements are presented in a document containing other information, the auditors should
A)perform inquiry and analytical procedures to ascertain whether the other information is reasonable.
B)add an emphasis-of-matter paragraph describing the other information to the auditors' report without modifying the opinion on the financial statements.
C)perform the appropriate substantive procedures to corroborate the other information.
D)read the other information to determine that it is consistent with the audited financial statements.

Question

Quizplus · Accepted Answer

Auditors are required to read the other information in documents containing audited financial statements to ensure consistency with the financial statements they have audited. This does not typically involve performing additional substantive procedures or analytical inquiries specifically for the other information, nor does it automatically lead to adding an emphasis-of-matter paragraph unless inconsistencies are found that affect the financial statements.

When Audited Financial Statements Are Presented in a Document Containing