The primary responsibility for fair and accurate financial reporting rests with the:
A)shareholders.
B)SEC.
C)management.
D)auditors.

Question

Quizplus · Accepted Answer

The primary responsibility for fair and accurate financial reporting lies with the management of the company as they have access to all the relevant information and are responsible for ensuring that the financial reports are truthful and transparent. Shareholders, auditors, and the SEC all play important roles in the process, but the ultimate responsibility lies with the management.

The Primary Responsibility for Fair and Accurate Financial Reporting Rests