What role does a user auditor fulfill?

A user auditor is specifically responsible for auditing the financial statements of a user entity. User entities are organizations or companies that rely on the services of another entity, often referred to as a service entity. The user auditor evaluates the financial statements of the user entity to ensure they are accurate and in compliance with relevant accounting principles and standards. This role is crucial in providing assurance to stakeholders that the financial reporting of the user entity is reliable, especially in situations where the user entity may be dependent on the information provided by service entities.

In contrast, the other roles mentioned involve different responsibilities. For instance, auditing the financial statements of a service entity pertains to a service auditor, who focuses on the entity providing services rather than the user of those services. The assessment of overall corporate governance and the review of compliance with regulations are separate functions that may be performed by different types of auditors or compliance professionals, but they do not specifically align with the core function of a user auditor. Thus, option B accurately reflects the principal role of a user auditor within the context of financial reporting and assurance.