An auditor has a duty to
A) provide reasonable assurance that material misstatements will be detected.
B) be a guarantor of the fairness in the statements.
C) be equally responsible with management for the preparation of the financial statements.
D) be an insurer of the fairness in the statements.

Question

Quizplus · Accepted Answer

An auditor's duty is to provide reasonable assurance that material misstatements will be detected. They are not a guarantor or insurer of the fairness in the financial statements, nor are they equally responsible with management for the preparation of such statements.

An Auditor Has a Duty to