Why is the auditor's role in performing audits important to our society?

Question

Quizplus · Accepted Answer

The role of auditors in performing audits is important to our society because through an audit of financial statements, investors and others can rely on the accuracy of the information presented in the financial statements. This helps to promote transparency, accountability and confidence in financial reporting, which in turn helps to facilitate investment and economic growth. While auditors may provide financial advice to clients, they do not have primary responsibility for the information contained in financial statements, and they do not issue reports on the accuracy of each financial transaction.

Why Is the Auditor's Role in Performing Audits Important to Our