Which of the following does the public expect of auditors?
A) Understand and enforce principles that best portray the spirit of FASB concepts.
B) Be neutral to preparers and users of financial information.
C) Recognize that the investing public is the primary user of audit services.
D) Take responsibility for the discovery of fraud.
E) All of the above are expectations of the public.

Question

Quizplus · Accepted Answer

The public generally expects auditors to understand and enforce accounting principles, be neutral, recognize the investing public as primary users, and take responsibility for discovering fraud.

Which of the Following Does the Public Expect of Auditors