Management Vs. Auditor Responsibilities Management Auditor Financial statement.Issue opinion on fairness of .nternal controls FS’s Arens, Loebbecke; Auditing, 8/E @2000 Prentice Hall. InArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Management vs. Auditor Responsibilities Management •Financial statement •Internal controls Auditor •Issue opinion on fairness of F/S’s