Since the Management Discussion and Analysis report is not part of the financial statements, the auditor bears no responsibility for it.

Name: Since the Management Discussion and Analysis report is not part of the financial statements, the auditor bears no responsibility for it.
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Quizplus · Accepted Answer

Auditors are responsible for reading the Management Discussion and Analysis (MD&A) to ensure it is consistent with the financial statements and does not contain material misstatements.

Since the Management Discussion and Analysis Report Is Not Part