The third section of the audit report describes the auditor's responsibilities.This section states that the auditor is responsible for
A)asking management and others in the company,including the in-house legal counsel about potential legal liabilities
B)reviewing minutes of meetings of those charged with governance and correspondence between the company and its internal counsel
C)expressing an opinion on the financial statements
D)testing the client's system internal controls

Question

Quizplus · Accepted Answer

The auditor's main responsibility is to express an opinion on the financial statements. While the auditor may perform other procedures such as testing internal controls and inquiring with management and legal counsel, the primary objective of the audit is to provide assurance on the accuracy and completeness of the financial statements. Choices A and B may be part of the auditor's procedures, but these are not the primary responsibilities stated in this section. Choice D is a specific procedure that may be performed as part of the audit, but it is not the auditor's overall responsibility.

The Third Section of the Audit Report Describes the Auditor's