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Describe the independent auditors responsibility

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Question - Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited financial statements.

- Describe management's responsibility regarding audited financial statements.

- Describe the independent auditors' responsibility regarding audited financial statements.

- Evaluate the following statement: "If the auditors disagree with management regarding an accounting principle used in the financial statements the auditors should express their views in the notes to the financial statements."

Reference no: EM132605149

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