An accountant of an audit client made the following statement: It is important to read the notes to financial statements, even though they are presented in technical language and are incomprehensible. Auditors may reduce their exposure to third-party liability by stating something in the notes that contradicts completely what the client has presented in the balance sheet or income statement. Evaluate the above statement and indicate a. Areas of agreement, if any. b. Areas of misconception, incompleteness, or fallacious reasoning included in the statement.