Take the following as truth: In addition to following up on significant reported findings and recommendations7 from previous financial audits, auditors should consider significant findings identified in attestation engagements, performance audits, or other studies if these findings could materially affect the results of the financial audit.
Then the following statement: "If these findings could materially affect the results of the financial audit, auditors should not consider findings identified in attestation engagements." is true, false, or inconclusive?
Answer: False