Auditors are considered gatekeepers for the stakeholders.

Question

Quizplus · Accepted Answer

Auditors are responsible for providing an independent opinion on a company's financial statements, ensuring their accuracy and compliance with accounting standards. This opinion is intended to provide assurance to stakeholders, including shareholders, lenders, and regulators, that the company's financial statements are reliable and transparent. As such, auditors act as gatekeepers, helping to safeguard the interests of these stakeholders by ensuring that the company's financial reporting is accurate and truthful.

Auditors Are Considered Gatekeepers for the Stakeholders