Auditors have similar responsibilities to identified,foreseen and foreseeable users of financial statements.

Name: Auditors have similar responsibilities to identified,foreseen and foreseeable users of financial statements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Auditors' responsibilities primarily lie with the entity that engaged them, and they do not have the same level of responsibility to all potential users of financial statements. Their duty is to provide an opinion on the financial statements' fairness, not to all possible users.

Auditors Have Similar Responsibilities to Identified,foreseen and Foreseeable Users of Financial