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mars1129 [50]
3 years ago
9

To be proficient as an auditor, a person must first be able to accomplish which of the following tasks in a decision making proc

ess? Evaluate the evidence produced by the performance of procedures and decide whether management's assertions conform to GAAP and reality. Recognize the financial assertions made in management's financial statement's and footnotes. Identify audit evidence relevant to the verification of assertions management makes in its unaudited financial statements and notes. Formulate evidence-gathering procedures ( audit plan) designed to obtain sufficient, competent evidence about assertions management makes in financial statements and notes.
Social Studies
1 answer:
Gelneren [198K]3 years ago
5 0

Answer:

Recognize the financial assertions made in management's financial statement's and footnotes.

Explanation:

Auditor is the person which is appointed by the company in order to execute a particular audit. Auditor is certified by regulatory authority of the accounting and the auditing.

The auditor decision-making is characterized as two stages, which are:

  • First stage is identification of the financial assertions.
  • Second stage is the determination of the qualified opinion.

<u>Hence, The best option in which the auditor's first task is - Recognize the financial assertions made in management's financial statement's and footnotes.</u>

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