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Basic Question 11 of 18
An auditor can provide reasonable assurance regarding the ______.
II. health of the company itself
III. integrity of company records
I. financial statements themselves
II. health of the company itself
III. integrity of company records
User Contributed Comments 2
| User | Comment |
|---|---|
| leon121 | Why not integrity of company records?? Auditors check inventories, check the books, etc... |
| Kennyk11 | I believe it's because while the auditor is able to determine if the numbers are correct, they cannot be fully responsible in the case that the audited company decided to falsify their documents, disregarding integrity. There's only so much that an auditor can do and their job is to make sure the numbers are right. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the importance of regulatory filings, financial statement notes and supplementary information, management's commentary, and audit reports
describe information sources that analysts use in financial statement analysis besides annual and interim financial reports
CFA® 2025 Level I Curriculum, Volume 2, Module 1.