Financial statements issued for the use of parties external to the enterprise are the primary responsibility of the
A) management of the enterprise.
B) stockholders of the enterprise.
C) independent auditors of the enterprise.
D) creditors of the enterprise.

Question

Quizplus · Accepted Answer

The management of an enterprise is primarily responsible for preparing and issuing financial statements for external use. This includes ensuring the accuracy, completeness, and fairness of the financial information presented.

Financial Statements Issued for the Use of Parties External to the Enterprise