Question
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
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."
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a Management has primary responsibility for the fairness of the financial statements b T...
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
