The Statement of Auditing Standards SAS No 1 states select the most correct answer:
A. management is responsible for adopting sound accounting policies and for establishing and maintaining internal control consistent with management's assertions embodied in the financial statements.
B. management is responsible for adopting sound accounting policies which will result in adequate protection of entrusted assets.
C. management is responsible for adopting sound accounting principles which will result in accurate and proper financial statements.
D. management is responsible for adopting sound internal control policies which will protect entity assets from reasonable loss and damage.

Question

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The Answer of The Statement of Auditing Standards SAS No 1 states select the most correct answer:
A. management is responsible for adopting sound accounting policies and for establishing and maintaining internal control consistent with management's assertions embodied in the financial statements.
B. management is responsible for adopting sound accounting policies which will result in adequate protection of entrusted assets.
C. management is responsible for adopting sound accounting principles which will result in accurate and proper financial statements.
D. management is responsible for adopting sound internal control policies which will protect entity assets from reasonable loss and damage.

The Statement of Auditing Standards SAS No 1 States Select