According to the FRC which of the following attributes contributes to the reliability and usefulness of audit reporting?
A) The audit methodology is well structured.
B) Quality technical support is available when auditors require guidance.
C) Auditors appropriately conclude as to the truth and fairness of the financial statements.
D) The audit work is effectively reviewed.

Question

Quizplus · Accepted Answer

The appropriate conclusion as to the truth and fairness of the financial statements is a key attribute contributing to the reliability and usefulness of audit reporting. While the other options (well-structured methodology, technical support, and effective review) may also be important, they do not directly relate to the conclusion reached by the auditors.

According to the FRC Which of the Following Attributes Contributes