Which of the following matters does an auditor of the financial report not have to form an opinion about?

Question

Quizplus · Accepted Answer

An auditor of the financial report is responsible for forming an opinion on whether the financial report gives a true and fair view, whether the company has kept financial records sufficient to enable the financial report to be prepared and audited, and whether the auditor has been given all information, explanation and assistance necessary for the conduct of the audit. However, detecting financial statement fraud is not always possible for an auditor, even with careful auditing procedures, and is not the primary responsibility of the auditor. Therefore, the auditor may not be able to form an opinion about whether any financial statement fraud has occurred.

Which of the Following Matters Does an Auditor of the Financial