Final answer:
The auditor's responsibility in an audit report is to 4. obtain reasonable assurance about whether the financial statements are free of material misstatement, in alignment with generally accepted auditing standards.
Step-by-step explanation:
The auditor's responsibility section of the standard unmodified opinion audit report states that the audit is designed to obtain reasonable assurance whether the financial statements are free of material misstatement, whether due to fraud or error. Discovering all errors and irregularities is not practical nor is it the primary goal of an audit, as it would require an exhaustive examination of all transactions and details within the entity. Instead, auditors focus on material errors and irregularities that would affect the users' understanding of the financial statements.
Audits are conducted in accordance with generally accepted auditing standards which require that auditors plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.The auditor's responsibility in an audit report is to obtain reasonable assurance about whether the financial statements are free of material misstatement, in alignment with generally accepted auditing standards.