The following statement is representative of the attitude that auditors sometimes encounter with respect to the value of their work: A financial report audit is essentially negative, and contributes neither to the gross national product nor to the general wellbeing of society. Auditors do not create; they merely check what someone else has done.

Required

Consider the above statement and identify:

(a) any aspects with which you agree

(b) any areas of misconception, incompleteness or erroneous reasoning reflected in the statement.