Once auditors have gathered sufficient appropriate audit evidence, evaluated uncorrected misstatements, and completed the required communications...
Once auditors have gathered sufficient appropriate audit evidence, evaluated uncorrected misstatements, and completed the required communications with those charged with governance _______.
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A. the final step is to prepare and issue the independent auditor’s report |
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B. the final step is to confer with the client's legal counsel |
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C. the audit report should be sent to the internal audit function for review |
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D. the report should be sent to the SEC for modification and approval |
Homework Answers
Correct option is: A the final step is to prepare and issue the independent auditor's report
The auditor after undertaking all evidences and evaluating material misstatements shall communicate the same to management and those charged with governance reached to a conclusion and finally issue his opinion in independent Auditor's Report
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