Which of the following statements best describes the distinction between the auditor's responsibilities and management's responsibilities?
a. Management has responsibility for maintaining and adopting sound accounting policies, and the auditor has responsibility for internal control
b. Management has responsibility for the basic data underlying financial statements, and the auditor has responsibility for drafting the financial statements
c. The auditor's responsibility is confined to the audited portion of the financial statements, and management's responsibility is confined to the unaudited portions
d. The auditor's responsibility is confined to expressing an opinion, but the financial statements remain the responsibility of management
Ans: d. The auditor's responsibility is confined to expressing an opinion, but the financial statements remain the responsibility of management
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