Which of the following describe the true relationship between auditor, client and external users of financial statements?

A. External users rely on auditors reports to reduce information risk provided by management.

B. Management provides capital, and an auditor is hired to provide reports relied upon by users for assurance.

C. Management and auditor provide a financial statement to external users.

D. Auditor ensures reports are based on management decisions on the economic event to be presented to external users.