More info a. What is the main objective of the audit of an entity's financial statements? b. Given the CPA firm is auditing financial statements, why would they need to understand anything about the client's business? c. What does the auditor do in an audit other than verify the mathematical accuracy of the numbers in the financial statements? d. The audit represents the CPA firm's guarantee about the accuracy of the financial statements, right? e. Isn't the auditor's primary responsibility to detect all kinds of fraud at the client? the financial statements? e financial statements are free of material misstatements. thematically accurate, the auditor obtains other types of information to determine that the d accounts are included in those statements. on to repay liabilities reflected in those financial statements and whether the correct disclosures d. The audit represents the CPA firm's guarantee about the accuracy of the financial statements, right? A. No. In an audit of the financial statements the auditor performs audit procedures to obtain reasonable assurance about whether the financial statements contain material misstatements. B. No. In an audit, the auditor provides a high level of assurance. Reasonable assurance is less than a guarantee, which implies absolute (100\%) assurance. C. No. In an audit, the auditor issues an opinion on whether the financial statements are presented fairly, but the auditor is not guaranteeing that the financial statements are accurate with certainty. D. All of the above. E. Both A and C. F. Both B and C