While performing financial statements audits, the auditors gather and evaluate audit evidence to form an opinion about whether the financial statements follow the appropriate criteria, usually generally accepted accounting principles.

If the auditors fail to gather sufficient appropriate audit evidence to provide a reasonable basis for their opinion on the financial statements, Is there exist a risk to form a correct opinion?

Answer rating: 100% (QA)

According to the International Standards on Auditing ISAS an auditor ca... View the full answer