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

question 34

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) Australian Auditing Standards that include the concept of materiality.
• B) quality control.
• C) the agreed reporting framework.
• D) the auditor's assessment of the audited entity's level of control risk.

---

Definitions:

Crowdsourcing

The practice of obtaining information or services by soliciting contributions from a large group of people, often from an online community.

Alternative Solutions

refer to different strategies or methods to solve a problem or achieve a goal, aside from the initial or obvious choice.

Best Solution

The most effective or suitable way of solving a problem or dealing with a situation.

Crowdsourcing

The practice of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid, typically via the internet.