Auditor’s Responsibilities for the Audit of the Financial Statements. In performing an audit in accordance with GAAS, we: • Use professional judgment and exercise professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose
Auditor’s Responsibilities for the Audit of the Financial Statements. In performing an audit in accordance with GAAS, we: • Use professional judgment and exercise…