Page 33 - Patisserie Valerie Teaching Note
P. 33
Auditor’s Responsibility
1. Consider fraud when assessing risk of material
misstatement
2. Respond to assessed, identified or suspected risk
3. Able to express audit opinion at acceptable level of
audit risk.
The auditor has a responsibility to verify all the assets
appearing on the balance sheet and also a duty to verify
that there are no other assets which ought to appear on the
balance sheet.
