The document outlines the terms of an audit engagement between an auditor and an entity. It states that the objective of an audit is to express an opinion on the financial statements. The document also specifies that management is responsible for preparing the financial statements and for internal controls, while the auditor is responsible for conducting the audit in accordance with auditing standards to obtain reasonable assurance and express an opinion.
The document outlines the terms of an audit engagement between an auditor and an entity. It states that the objective of an audit is to express an opinion on the financial statements. The document also specifies that management is responsible for preparing the financial statements and for internal controls, while the auditor is responsible for conducting the audit in accordance with auditing standards to obtain reasonable assurance and express an opinion.
The document outlines the terms of an audit engagement between an auditor and an entity. It states that the objective of an audit is to express an opinion on the financial statements. The document also specifies that management is responsible for preparing the financial statements and for internal controls, while the auditor is responsible for conducting the audit in accordance with auditing standards to obtain reasonable assurance and express an opinion.