Which of the following is not included in the introductory paragraph of the standard report on the entity's financial statements?
A) The names of the financial statements audited.
B) The auditors' responsibility to express an opinion on the entity's financial statements.
C) Management's responsibility for the financial statements.
D) The fact that an audit provides a reasonable basis for an opinion.

Question

Quizplus · Accepted Answer

The introductory paragraph of the standard audit report typically includes the names of the financial statements audited, the auditors' responsibility, and management's responsibility. The fact that an audit provides a reasonable basis for an opinion is usually mentioned in the scope paragraph, not the introductory paragraph.

Which of the Following Is Not Included in the Introductory