Responsibility for the fair presentation of financial statements rests with the client's management, not with the auditor.

Question

Quizplus · Accepted Answer

The management of a company is responsible for preparing and fairly presenting the financial statements in accordance with the applicable financial reporting framework. The auditor's role is to express an opinion on the fairness of those financial statements based on their audit.

Responsibility for the Fair Presentation of Financial Statements Rests with the Client's