Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited

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Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited financial statements.

a. Describe management's responsibility regarding audited financial statements.

b. Describe the independent auditors' responsibility regarding audited financial statement

c. Evaluate the following statement:

"if the auditors disagree with management regarding an accounting principle used in the financial statement the auditors should express their views in the notes to the financial statements."

Related Book For answer-question

Auditing and Assurance Services A Systematic Approach

ISBN: 978-1259162343

9th edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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Posted Date: Oct 08, 2018 12:23 AM

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Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited

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a Management has primary responsibility for the fairness of the financial statements b T... View the full answer

Auditing and Assurance Services A Systematic Approach

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