Final answer:
Client's management is responsible for the fairness of the representations made in financial statements. They are responsible for the true and fair presentation of the financial statements, while the independent auditor provides an opinion, the audit committee oversees processes, and the AICPA sets standards.
Step-by-step explanation:
The question is asking which party is responsible for ensuring that the representations made in financial statements are fair. The correct answer is a. Client's management. It is the responsibility of the client's management to prepare and present financial statements that are true and fair. While the independent auditor reviews the financial statements and provides an opinion on their fairness, it is not their role to create or amend the statements themselves. The audit committee may oversee the financial reporting and disclosure process, but ultimate responsibility lies with management. The AICPA sets the professional standards and guidelines for the preparation and auditing of financial statements but does not have a role in the actual preparation or fairness of any particular set of financial statements.