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Explain the relevance of the paragraph Management's Responsibility for the Financial Statements and Auditor's Responsibility in the audit report as they relate to the audit

Explain the relevance of the paragraph "Management's Responsibility for the Financial Statements" and "Auditor's Responsibility" in the audit report as they relate to the audit expectation gap.

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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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