Chapter 6. 6-21. a. the purpose of the first part of the report is to show management’s responsibilities for internal control over financial reporting. The second part states management’s responsibility for the preparation of the financial statements in conformity with the GAAP and also fair presentation of the financial statements. b. the auditor’s responsibility is to express an opinion on whether the financial statements are fairly presented and an opinion on the effectiveness of internal control over financial reporting. 6-22. a. 1. The auditor’s function is to provide users of financial statements with the opinion whether the financial statements fairly represent the company’s financial situation and if they prepared in accordance with GAAP. 2. The auditor is responsible for conducting the audit that conforms to auditing standards, which require the auditor to gather sufficient and appropriate evidence in order to conduct the audit. b. Auditors are responsible for obtaining reasonable assurance that material
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