You should know that the auditors report does not provide assurance over the statements that management makes
Question:
You should know that the auditors report does not provide assurance over the statements that management makes in the Management Discussion and Analysis section of the annual report. Management's disclosures in the MD&A are considered voluntary disclosures, not mandatory disclosures such as those on the face of the financial statements or in the notes. Auditors routinely examine the MD&A to check that is does not contatin information that is factualy inaccurate or inconsistent with the audited portion of the financial statement and accompanying footnotes .Do you think that users might assume that auditors do provide assurance over the statements that managers make in the MD&A ? Do you think that auditors should provide such assurance ?
International Marketing
ISBN: 978-1452226354
1st edition
Authors: Daniel W. Baack, Eric G. Harris, Donald Baack