According to the Audit Clarity Project, the auditor's report must explain management's responsibilities for:
A)the board of directors and other parties.
B)ensuring that the financial statements are fairly presented.
C)financial statements and internal controls.
D)paying the auditor when the engagement is finished.

Question

Quizplus · Accepted Answer

The Audit Clarity Project requires the auditor's report to explain management's responsibilities for the financial statements and internal controls, ensuring they are prepared and presented fairly in accordance with the applicable financial reporting framework.

According to the Audit Clarity Project, the Auditor's Report Must