The third party who checks annual financial statements to ensure that they are prepared according to Canadian GAAP and verifies that the information reported is reliable is the
A) Toronto Stock Exchange Board.
B) Accounting Standards Board.
C) Provincial Securities Commission.
D) Auditor.

Question

Quizplus · Accepted Answer

The third party who checks annual financial statements to ensure that they are prepared according to Canadian GAAP and verifies that the information reported is reliable is the Auditor. The Toronto Stock Exchange Board, Accounting Standards Board, and Provincial Securities Commission may have some oversight roles, but they are not the primary entities responsible for verifying the accuracy and reliability of financial statements. The Auditor is an independent professional who is hired by the company to perform this crucial function.

The Third Party Who Checks Annual Financial Statements to Ensure