Question

• 1. Student A says that the primary responsibility for the adequacy of disclosure in the...

• 1. Student A says that the primary responsibility for the adequacy of disclosure in the financial statements and footnotes rests with the auditor in charge of the audit field work. Student B says that the partner in charge of the engagement has the primary responsibility. Student C says that the staff person who drafts the statements and footnotes has the primary responsibility. Student D contends that it is the entity’s responsibility. Required Which student is correct?

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