The auditor has considerable responsibility
for notifying users as to whether or not the
statements are properly stated. This
imposes upon the auditor a duty to
a. Provide reasonable assurance that
material misstatements will be
detected.
b. Be an insurer of the fairness in the
statements.
c. Be a guarantor of the fairness in the
statements.
d. Be equally responsible with management
for the preparation of the financial
statements
for notifying users as to whether or not the
statements are properly stated. This
imposes upon the auditor a duty to
a. Provide reasonable assurance that
material misstatements will be
detected.
b. Be an insurer of the fairness in the
statements.
c. Be a guarantor of the fairness in the
statements.
d. Be equally responsible with management
for the preparation of the financial
statements