Which of the following is explicitly included as a part of the description of management's responsibility in an unmodified audit report?
A)Management is responsible for making a judgment on which misstatements are material vs.immaterial.
B)Management is responsible for providing auditors with all relevant evidence.
C)Management is responsible for the design, implementation, and maintenance of internal control.
D)Management is responsible for listing all illegal acts with a direct effect on financial statement amounts and disclosures.

Question

Quizplus · Accepted Answer

Management's responsibility explicitly includes the design, implementation, and maintenance of internal control, as stated in the standard unmodified audit report language. Choices A, B, and D are not explicitly included in the management's responsibility statement.

Which of the Following Is Explicitly Included as a Part