Which section of the auditor's report outlines management's responsibilities?

The management's responsibility section of the auditor's report specifically delineates the duties and obligations of management in relation to the financial statements being audited. This section typically emphasizes that management is responsible for the preparation and fair presentation of the financial statements in accordance with the applicable financial reporting framework. It also highlights that management must maintain internal controls relevant to the preparation of the financial statements to prevent material misstatements, whether due to fraud or error.

This clarity in the audit report ensures that readers understand the delineation of responsibilities—specifically that while auditors provide an independent opinion on the financial statements, the underlying responsibility for the accuracy and completeness of those statements rests solely with management. Engaging with this section is critical for stakeholders who rely on the financial statements, as it outlines the expectations placed upon management and underscores the separation of roles between management and auditors in the audit process.

Other sections of the auditor's report, such as the audit findings, auditor's opinion, or summary sections, do not specifically outline management's responsibilities in the same direct manner.