Question: What is management responsibilities for the financial statement being audited? What are auditors responsibilities for the financial statement being audited? What is the difference between

  1. What is management responsibilities for the financial statement being audited?
  2. What are auditors responsibilities for the financial statement being audited?
  3. What is the difference between error and fraud?
  4. What is auditors responsibility for finding error and fraud?
  5. Define what is meant by management assertion about financial statements
  6. List and explain the PCAOB five categories of management assertions
  7. How does the PCAOB assertions differ from the International and AICPA assertions?

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