The fourth generally accepted auditing standard of reporting requires an auditor to render a report whenever an auditor's name is associated with financial statements. The overall purpose of the fourth standard of reporting is to require that reports
a. Assure that the auditor is independent with respect to the financial statements audited.
b. State that the audit has been conducted in accordance with generally accepted auditing standards.
c. Indicate the character of the engagement and the degree of responsibility assumed by the auditor.
d. Express whether the accounting principles used in preparing the financial statements have been applied consistently in the period audited.
Answer: C