The final step in most financial statement audits is:

Question

Quizplus · Accepted Answer

The final step in most financial statement audits is to issue an opinion on the financial statements that have been audited. The audit opinion provides the auditor's assessment of whether the financial statements are presented fairly, in all material respects, and in accordance with the applicable financial reporting framework. Other steps, such as reviewing the internal control system and performing compliance testing, may be part of the audit process but are not typically the final step. Preparation of financial statements is the responsibility of management, not the auditor.

The Final Step in Most Financial Statement Audits Is