Who is considered to be the client for external auditors in the United Kingdom?

Question

Quizplus · Accepted Answer

In the UK, external auditors are appointed by a company's shareholders and therefore their primary duty is to report to those shareholders on whether the company's financial statements show a true and fair view of its financial position. While the government and society as a whole have an interest in the integrity of financial reporting, they are not the primary clients of auditors.

Who Is Considered to Be the Client for External Auditors