Which of the following statements is not included in the Basis for Opinion section of the standard report on the entity's financial statements?
A)"The critical audit matter communicated is a matter arising from the current period audit…"
B)"We are a public accounting firm registered with the Public Company Accounting Oversight Board…"
C)"Our audit included evaluating the accounting principles used and significant estimates made by management..."
D)"We conducted our audit in accordance with the standards of the PCAOB."

Question

Quizplus · Accepted Answer

The statement "The critical audit matter communicated is a matter arising from the current period audit…" is related to the communication of critical audit matters, which is not typically included in the Basis for Opinion section of the standard audit report. The Basis for Opinion section generally includes statements about the audit being conducted in accordance with auditing standards, the auditor's belief that the audit provides a reasonable basis for their opinion, and sometimes the auditor's registration status with oversight boards, but not specific matters arising from the audit.

Which of the Following Statements Is Not Included in the Basis