Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 54

For the following questions, circle the best response.

Adequacy of disclosure in the financial statements and the explanatory notes is the primary responsibility of the

a. management of the company presenting the statements.

b. public accounting firm auditing the statements.

c. internal auditors of the company presenting the statements.

d. attorneys of the company presenting the statements.

e. financial analysts using the statements to make investment decisions for their clients.