6/26/WECTIVES 6-1, 6-3) Auditors provide reasonable assurance that the Selv stated. all material espects Questions are often Most of the auditor to detect material misstatements.is mi ANS ind fraudulent financial reporting Discus the concept of reasonable assurance" and the degree of contidence and Financial statement users should have in the financial statements b. What are the responsibilities of the independent auditor in the audit of financial state ments? Discuss fully, but in this part do not include frund in the discussion What are the responsibilities of the independent auditor for the detection of inxud involving misappropriation of assets and fraudulent financial reporting: Discuss fully, including your assessment of whether the auditor's responsibility for the detec- dion of fraud is appropriate