Complete Question 17-21 from the textbook. Your initial post should be your answer to Question 17-21.

1721.

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?