What do we mean by management resposibility and auditor responsibilty in financial statements ?

Management's responsibility to the Consolidated Financial Statements:

Management is responsible for the preparation of these consolidated financial statements and fair presentation in accordance with International Financial Reporting Standards. This responsibility includes designing, implementing and maintaining a special internal control system to prepare consolidated financial statements and fair presentation are free from material whether due to fraud or error, selecting and applying appropriate accounting policies errors and an accounting estimates that are reasonable under the circumstances.

The responsibility of the auditor:

Our responsibility is to express an opinion on these consolidated financial statements based on our review business conducted our review in accordance with International Standards on Auditing, which require that we comply with the requirements of the ethics of the profession and the planning and implementation of the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements are evidence based procedures selected to estimate the auditor including the assessment of material misstatement of the consolidated financial statements are risks whether due preparation and fair presentation of the consolidated financial statements and in order to design appropriate audit procedures depending on the circumstances and not for the purpose of expressing an opinion on the effectiveness of internal controls at the company's audit also includes evaluating the appropriateness used and the reasonableness of accounting estimates made by the management accounting policies as well as the overall presentation of the consolidated financial statements to assess.