The introductory paragraph of the auditor's report states that the auditor is responsible for the 13 * preparation, presentation and opinion on financial statements (2 ) True o False * Which of the following would most likely not be classified as a related-party transaction.14 (1 (1 ) An advance of one week's salary to an employee Sales of merchandise between affiliated companies Loans or credit sales to the principal owner of the client company Exchanges of equipment between two companies owned by the same person