Primary responsibility for fair and accurate financial statements rests with the auditors.

Name: Primary responsibility for fair and accurate financial statements rests with the auditors.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

While auditors play an important role in ensuring the accuracy and fairness of financial statements, the primary responsibility lies with the management of the company. Auditors provide an independent opinion on the accuracy of the financial statements but cannot guarantee their accuracy.

Primary Responsibility for Fair and Accurate Financial Statements Rests with the Auditors