The Audit Report Indicates That (1) Management Is Responsible for the Content

Multiple Choice

The audit report indicates that (1) management is responsible for the content of the financial statements and (2) the auditor is responsible for evaluating the appropriateness of the accounting principles chosen by management. Which paragraph contains those statements?

A) Both are in the opinion paragraph.
B) Both are in the management's responsibility paragraph.
C) Both are in the introductory paragraph.
D) None of the above are true.