AAA – L3 – SA – Q3.10 – Auditor’s Responsibilities Section

Non-allowable position for responsibilities section.

Question

Which of the following is NOT an allowable position for the Auditor’s Responsibilities for the Financial Statements section of the auditor’s report?

A On a website of an appropriate authority and this website is referenced within the auditor’s report

B Within the body of the auditor’s report

C In an appendix to the auditor’s report that is referenced within the report itself

D In an introductory paragraph at the start of the report

Answer

Explanation:
The Auditor’s Responsibilities for the Financial Statements section can be placed within the body of the report (B), in an appendix with a reference (C), or on a website of an appropriate authority with a reference (A). Placing it in an introductory paragraph at the start of the report (D) is not an allowable position, as it does not conform to standard report structure. Thus, D is the correct answer.

Tags: Audit Standards, Auditor’s Report, ICAG, Responsibilities Section
Level: Level 3

Topic: Reporting

Uploader: Salamat Hamid