Slater, CPA, is planning the audit engagement of Nicole Industries. An understanding needs to be established regarding Slater's and Nicole's responsibilities. For each of the items in the table below, identify the responsible party by double-clicking on a shaded cell and selecting the appropriate option from the list provided.

Select items:

management is responsible, auditor is responsible, both are responsible, neither is responsible.

Tasks to be performed	responsible party
Preparation of financial statements
Obtaining an understanding of internal control
following generally accepted auditing standards
Detection of immaterial errors
Establishment of internal control
provision of representation letter
establishing the timing of the audit
compliance with laws and regulations
coordinating client assistance