Indicate the fundamental GAAS principle to which the matter is most closely related. An auditor's overall...
Indicate the fundamental GAAS principle to which the matter is most closely related.
An auditor's overall conclusion of the fairness of the client's financial statements.
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A. Responsibilities principle |
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B. Performance principle |
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C. Reporting principle |
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D. None of the above |
Homework Answers
Answer
C. Reporting principle
Explanation:
Reporting principle - It is the principle which states that the auditor should express an opinion on the financial statements about truthfulness and fairness of the financial statement. So, it is the correct answer.
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