Which of the following best expresses the requirement to establish with the client an understanding of the responsibilities the auditor and company is taking for the audit engagement?
A) Management asserts there are no material misstatements in the financials.
B) Auditors assert that the primary audit goal is audit efficiency.
C) Auditors assert that their primary responsibility is to plan and perform the audit in order to provide reasonable assurance as to the detection of material misstatement due to error or fraud.
D) Management's assertion that they will provide the auditor with a risk assessment as to material misstatements due to errors or fraud in the company's financial statements.

Question

Quizplus · Accepted Answer

Choice C clearly articulates the auditor's primary responsibility in conducting the audit and aligns with the requirement to establish with the client an understanding of the responsibilities for the engagement. Choices A, B, and D do not sufficiently address this requirement.

Which of the Following Best Expresses the Requirement to Establish