Management's Assertions in the Financial Statements Are of Relevance to the Audit

Multiple Choice

Management's assertions in the financial statements are of relevance to the audit process because:

A) they are the procedures that will be performed by the audit team.
B) they are utilized by auditors in developing proper tests and procedures.
C) they are direct evidence that management has prepared financial statements in accordance with generally accepted audit standards.
D) they relate more to the audit while the financial statements belong to the auditor.