40.

Which of the following statements best describes the distinction between the auditors responsibilities and managements responsibilities?

	A.	Management has responsibility for maintaining and adopting sound accounting policies, and the auditor has responsibility for internal control.
	B.	The auditors responsibility is confined to expressing an opinion, but the financial statements remain the responsibility of management.
	C.	The auditors responsibility is confined to the audited portion of the financial statements, and managements responsibility is confined to the unaudited portions.
	D.	Management has responsibility for the basic data underlying financial statements, and the auditor has responsibility for drafting the financial statements.