Which of the Following Is an Accurate Statement Regarding Presentation

question 129

Multiple Choice

Which of the following is an accurate statement regarding presentation and disclosure?

• A) Auditors generally set the risk as low that all required information may not be completely disclosed in the footnotes.
• B) Audit tests performed in earlier audit phases provides sufficient appropriate evidence about contingent liabilities and subsequent events.
• C) Auditors do not conduct tests of controls related to disclosures when the initial assessment of control risk is below maximum.
• D) In phase IV (completing the audit), auditors evaluate whether the overall presentation of the financial statements and related footnotes complies with accounting standards.