Which one of the following is a factor that creates a need for an independent auditor's assessment of the financial statement presentation?
A) Complexity of transactions affecting the financial statements.
B) Lack of criteria on which to base information.
C) Remoteness of the user from the organization.
D) Both A and C.
E) Both A and B.

Question

Quizplus · Accepted Answer

Complexity of transactions affecting the financial statements and the remoteness of the user from the organization are factors that create a need for an independent auditor's assessment. A lack of criteria on which to base information is not a factor that creates a need for an independent auditor's assessment.

Which One of the Following Is a Factor That Creates