When conducting a financial statement audit, the auditor must gather evidence about management’s assertions and ascertain the degree of correspondence between those assertions and established criteria. What are the established criteria to which financial statement auditors generally compare management’s assertions?

Are you having trouble answering the question “When conducting a financial statement audit, the auditor must gather evidence about management’s assertions and ascertain the degree of correspondence between those assertions and established criteria. What are the established criteria to which financial statement auditors generally compare management’s assertions?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

When conducting a financial statement audit, the auditor must gather evidence about management’s assertions and ascertain the degree of correspondence between those assertions and established criteria. What are the established criteria to which financial statement auditors generally compare management’s assertions?

Answer: GAAP

We hope you have got the correct answer to your question “When conducting a financial statement audit, the auditor must gather evidence about management’s assertions and ascertain the degree of correspondence between those assertions and established criteria. What are the established criteria to which financial statement auditors generally compare management’s assertions?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.