Why do audit reports contain paragraphs outlining (1) management 's responsibility for the financial statements and (2) the auditor 's responsibility for the financial statements What is contained in these paragraphs ...

CAS 700 Forming an Opinion and Reporting on Financial Statements requires the auditor to prepare an ...

Why do audit reports contain paragraphs outlining (1) management's responsibility for the financial statements and (2) the

Question:

Why do audit reports contain paragraphs outlining (1) management's responsibility for the and (2) the auditor's responsibility for the What is contained in these paragraphs?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...