Since auditors provide an opinion as to the fairness of the financial statements,auditors have the primary responsibility for the preparation of the company's financial statements.

Question

Quizplus · Accepted Answer

Auditors do not have primary responsibility for the preparation of the company's financial statements, which is the responsibility of management. Auditors review the financial statements prepared by management and provide an opinion on their fairness.

Since Auditors Provide an Opinion as to the Fairness of the Financial