The primary responsibility of the independent auditor is to decide whether the company's:

Question

Quizplus · Accepted Answer

The primary responsibility of the independent auditor is to ensure that the financial statements of the company comply with generally accepted accounting principles (GAAP). This includes assessing the accounting policies and estimates used in the financial statements, evaluating the overall presentation of the financial statements, and providing an opinion on whether the financial statements are fairly presented in all material respects. While auditors also evaluate internal controls and legal compliance as part of their audit, their primary responsibility is to assess the financial statements. Therefore, choices A, B, and D are all secondary responsibilities of the independent auditor.

The Primary Responsibility of the Independent Auditor Is to Decide