What an auditor does and doesn’t do:http://www.grfcpa.com/resources/publications/auditor-responsibilities/
“Auditor’s Role and Responsibilities” Please respond to thefollowing: •Compare the primary auditor objectives in auditinghistorical financial statements to auditing internal controls overfinancial reporting. Identify at least two (2) objectives that arethe most significant in reducing the risk of reporting errors ormisstatements in financial statements. Provide a rationale for yourresponse. •Create a scenario where it would be acceptable for anexternal auditor to accept an audit engagement without havingknowledge of a client’s business environment. Ascertain the keylegal ramifications and risk mitigation strategies associated withan auditor performing the audit. Support your position.
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