The Auditor's Judgment Concerning the Overall Fairness of the Presentation

question 40

Multiple Choice

The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of:

• A)quality control.
• B)generally accepted auditing standards, which include the concept of materiality.
• C)the auditor's evaluation of the audited company's internal control.
• D)the applicable financial reporting framework (i.e., GAAP in the United States).