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5T. VINCENT DE FERRER COLLEGE Auditing Theory a. The auditor does not consider representations from management as substitute for obtaining sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion. b. ln planning and performing an audit; the auditor assumes that management is dishonest. c. The auditor is alert to audit evidence that contra{icts or brings into question the reliability of documents or management representations. d, The auditor makes a critical assessment, with a questioning mind, of the validity of audit evidence obtained. 8.The auditor's opinion a. Guarantees the credibility of the financial statements b. ls an assurance as to the future viability of the entity" c. ls not an assurance as to the efficiency with which management has conducted the affairs of the entity. d" Certifies the correctness of the financial statements 9.When an independent auditor decides that the work performed by internaf auditors may have a bearing on the
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