Which of the following is an incorrect statement about auditors' professional duties?
A)In their professional duties,they will be watched by federal and state regulators and interested outsiders
B)Attention will be focused on the auditors' responsibility to determine whether the financial statements present fairly the financial position of the firm and the results of operations
C)Auditors must understand the importance of presenting unbiased information to outsiders
D)The auditor is expected to approach an audit with an independent mind and to recognize that he or she is hired to protect the interests of management

Question

Quizplus · Accepted Answer

The statement "The auditor is expected to approach an audit with an independent mind and to recognize that he or she is hired to protect the interests of management" is incorrect. Auditors are not hired to protect the interests of management, but rather to provide an objective assessment of the company's financial statements for the benefit of external users.

Which of the Following Is an Incorrect Statement About Auditors