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    Question

    Which of the following is NOT a key element of an

    independent auditor’s report under SA 700?
    A Opinion Correct Answer Incorrect Answer
    B Basis for Opinion Correct Answer Incorrect Answer
    C Key Audit Matters (for listed entities) Correct Answer Incorrect Answer
    D Management Responsibility Statement signed by auditor Correct Answer Incorrect Answer
    E Other Reporting Responsibilities Correct Answer Incorrect Answer

    Solution

    Management Responsibility statement is included but signed by management, not the auditor. Auditor only includes opinion, basis, KAM, and other responsibilities.

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