How are the governing body's and auditor's responsibilities stated in the current auditor's report? Governing body's responsibility Auditor's responsibility
A)Implicitly Implicitly
B)Explicitly Explicitly
C)Explicitly Implicitly
D)Implicitly Explicitly

Question

Quizplus · Accepted Answer

The governing body's and auditor's responsibilities are explicitly stated in the current auditor's report. This is in line with the International Standards on Auditing, which require the auditor to provide a clear and unambiguous statement of these responsibilities. Explicitly stating these responsibilities in the auditor's report helps to improve transparency and accountability in financial reporting.

How Are the Governing Body's and Auditor's Responsibilities Stated in the Current