Auditors routinely review the MD&A to provide reasonable assurance that it does not contain information that is factually inaccurate or inconsistent with the audited portion of the financial statements and accompanying footnotes.

Question

Quizplus · Accepted Answer

This statement is true. Auditors do review the Management Discussion and Analysis (MD&A) section of a company's annual report to ensure that the information presented is consistent with the financial statements and footnotes. This helps to ensure the accuracy and reliability of the financial information presented to investors and other stakeholders.

Auditors Routinely Review the MD&A to Provide Reasonable Assurance That