Which of the following statements about preparers is true?
A)Preparers are neutral providers of accounting information.
B)Preparers may not be the people who physically prepare the financial statements.
C)Preparers have the same perspective as stakeholders.
D)Preparers decide what information is going to be presented in the financial statements, but not when it is presented.

Question

Quizplus · Accepted Answer

Preparers may not be the people who physically prepare the financial statements. Often, the task of physically preparing financial statements is delegated to individuals in the accounting department or to outside accounting firms.

Which of the Following Statements About Preparers Is True