The auditor's responsibility for the financial statements includes selecting and applying
appropriate accounting policies.

Question

Quizplus · Accepted Answer

The management of an entity is responsible for selecting and applying appropriate accounting policies; the auditor's responsibility is to audit the financial statements and express an opinion on whether they are prepared, in all material respects, in accordance with an applicable financial reporting framework.

The Auditor's Responsibility for the Financial Statements Includes Selecting and Applying