When an auditor uses the work of an expert, who has the responsibility for arriving at an overall conclusion regarding the truth and fairness of a client's financial report?
A) the auditor
B) the expert
C) the client's management
D) the client's audit committee

Question

Quizplus · Accepted Answer

The ultimate responsibility for arriving at an overall conclusion regarding the truth and fairness of a client's financial report still rests with the auditor, even if they have used the work of an expert. The auditor must evaluate the work of the expert and incorporate it into their own analysis and conclusions. Therefore, choice A is the correct answer.

When an Auditor Uses the Work of an Expert, Who