In which paragraph do the words "present fairly,in all material respects," appear?
A)introductory paragraph
B)management's responsibilities
C)the auditor's responsibilities
D)opinion paragraph

Question

Quizplus · Accepted Answer

The phrase "present fairly, in all material respects" is typically used in the auditor's opinion paragraph, which provides the auditor's conclusion on whether the financial statements are presented fairly and in accordance with the applicable financial reporting framework.

In Which Paragraph Do the Words "Present Fairly,in All Material