The role of the auditors is to analyze the underlying facts to decide whether information provided by management is fairly presented.Auditors design ____1_____ to analyze information in order to determine whether ____2_____ is/are valid.
A)1=audit objectives; 2=management's assertions
B)1=audit tests; 2=audit objectives
C)1=audit tests; 2=audit evidence
D)1=audit tests; 2=management's assertions

Question

Quizplus · Accepted Answer

Auditors design audit tests to analyze information in order to determine whether management's assertions are valid. Audit tests are specific procedures used to examine the financial statements and underlying records. Management's assertions are claims made by management regarding the financial statements, such as completeness, accuracy, and validity of the financial information presented.

The Role of the Auditors Is to Analyze the Underlying