The auditor is not responsible for the presentation of financial statements;therefore,the auditor has no responsibility for fraud in the financial statements.

Question

Quizplus · Accepted Answer

While the auditor is not responsible for the preparation of financial statements, they do have a responsibility to detect and report material misstatements due to fraud. This responsibility is outlined in the auditing standards and ethical requirements.

The Auditor Is Not Responsible for the Presentation of Financial