Advance Gov & Non Profit Accounting

The primary purpose of a financial statement audit is to provide an opinion about whether an entity’s financial statements are presented fairly in all material respects in conformity with an applicable financial reporting framework. While auditors know this is the framework of an audit, public perception is often different. What does the public think an audit does? Should auditors be concerned about public perception? What happens when an audit does not “catch” an instance of fraud?’

Read the required textbook content and research the question. You will need at least one source in addition to your textbook. Your response to these questions should be more than a personal opinion. Cite all sources in APA format.