What responsibility do auditors have to assess material


Problem

Lehman's net leverage ratio was not reported within the company's audited financial statements but rather in the company's financial highlights table and MD&A section of its annual report. What responsibility, if any, do auditors have to assess the material accuracy of financial data included in those two sections of a client's annual report?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: What responsibility do auditors have to assess material
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