Final answer:
The auditor is responsible for the financial statements and the opinion on them. It emphasizes the auditor's responsibility to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error.
Step-by-step explanation:
The auditor's responsibility section of the standard unmodified opinion audit report states that the auditor is responsible for the financial statements and the opinion on them. The auditor's responsibility section of the standard unmodified opinion audit report typically states that the auditor is responsible for expressing an opinion on the financial statements. It emphasizes the auditor's responsibility to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error. The auditor's responsibility is primarily related to expressing an opinion on the financial statements rather than being responsible for the financial statements themselves.
The purpose of this section is to clarify the scope of the auditor's responsibility. While the auditor is responsible for conducting the audit in accordance with auditing standards, obtaining reasonable assurance about whether the financial statements are free from material misstatement, and performing procedures to assess the presentation of the financial statements, their ultimate responsibility is to express an opinion on those financial statements.