Posted: July 13th, 2022
Auditors are not responsible to detect all errors in the financial statements. Discuss the concepts of professional skepticism and due professional care and explain why the two are necessary when management is ultimately responsible for the fairness of the financial statements.
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Auditors are not responsible to detect all errors in the financial statements. Discuss the concepts of professional skepticism and due professional care and explain why the two are necessary when management is ultimately responsible for the fairness of the financial statements.
Please be detailed. Provide examples.
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