Who provides an opinion that reflects their professional conclusions regarding the financial statements and for most publicly traded firms in the U.S.also provides a separate opinion on the effectiveness of the firm's internal controls over financial reporting?
A)management
B)controller
C)financial vice-president
D)independent auditor
E)general counsel

Question

Quizplus · Accepted Answer

An independent auditor provides an opinion reflecting their professional conclusions regarding the financial statements, as well as a separate opinion on the effectiveness of the firm's internal controls over financial reporting for most publicly traded firms in the U.S. Management, the controller, financial vice-president, and general counsel may have input into the preparation of financial statements, but they do not provide the required independent opinion.

Who Provides an Opinion That Reflects Their Professional Conclusions Regarding