Primary responsibility for the financial statements lies with: $$\begin{array} { c c }
&\text { Auditors } & \text { Maragement } \
A.&\text { Yes } & \text { Yes } \
B.&\text { Yes } & \text { No } \
C.&\text { No } & \text { Yes } \
D.&\text { No } & \text { No }
\end{array}$$
A)Option A
B)Option B
C)Option C
D)Option D

Question

Primary responsibility for the financial statements lies with: $$\begin{array} { c c } 
&\text { Auditors } & \text { Maragement } \
A.&\text { Yes } & \text { Yes } \
B.&\text { Yes } & \text { No } \
C.&\text { No } & \text { Yes } \
D.&\text { No } & \text { No }
\end{array}$$
A)Option A
B)Option B
C)Option C
D)Option D

Quizplus · Accepted Answer

The primary responsibility for the preparation and presentation of financial statements lies with the management of the company, not the auditors. Auditors are responsible for auditing these statements to provide an opinion on their fairness and adherence to the applicable financial reporting framework.

Primary Responsibility for the Financial Statements Lies With A)Option a B)Option B C)Option C D)Option D

Primary Responsibility for the Financial Statements Lies With A)Option a
B)Option B
C)Option C
D)Option D