6-21 (Objective 6-10) The following questions concern the reasons auditors do audits. Choose the best response. a. The major reason an independent auditor gathers audit evidence is to 1. form an opinion on the financial statements. 2. detect fraud. 3. evaluate management. 4. assess control risk. b. Which of the following best describes the reason why an independent auditor reports on financial statements? 1. A misappropriation of assets may exist, and it is more likely to be detected by independent auditors. 2. Different interests may exist between the company preparing the statements and the persons using the statements. 3. A misstatement of account balances may exist and is generally corrected as the result of the independent auditor's work. 4. Poorly designed internal controls may be in existence. c. Because of the risk of material misstatement, an audit should be planned and performed with an attitude of 1. professional skepticism. 2. independent integrity. 3. objective judgment. 4. impartial conservatism