Which of the following does NOT belong in the auditors' report?
Correct answer: C. Involvement of any specialist
- A. Introductory paragraph specifying the pages to which the report relates and the accounting convention adopted
- B. Basis of the opinion
- C. Involvement of any specialist
- D. Statement of responsibilities of directors and auditors Hire An Accountant
Explanation
An auditor's report normally includes the introduction, responsibilities, opinion and basis of opinion, but it does not ordinarily include a statement about involvement of a specialist. Specialist involvement may affect audit work without being a standard report section.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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