The primary responsibility of the auditor is detect fraud.

Question

Quizplus · Accepted Answer

While detecting fraud may be a part of the auditor's responsibilities, it is not the primary responsibility. The primary responsibility of the auditor is to express an opinion on the fair presentation of the financial statements in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS). Other responsibilities include assessing the internal controls, identifying the risk of material misstatement, and testing the accuracy and completeness of the financial information.

The Primary Responsibility of the Auditor Is Detect Fraud