Which of the following is not true about opinion on financial statements?
AThe auditor should express an opinion on financial statements.
BHe should examine whether recognised accounting principle have been consistently
CHis opinion is no guarantee to future viability of business
DHe is responsible for detection and prevention of frauds and errors in financial statements
Correct answer
D. He is responsible for detection and prevention of frauds and errors in financial statements
Explanation
He is responsible for detection and prevention of frauds and errors in financial statements is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.