The financial statements are the responsibility of ________,and the responsibility of the ________ is to express an opinion on the financial statements based on the audit.
A)auditor,management
B)SEC,auditor
C)management,SEC
D)management,auditor

Question

Quizplus · Accepted Answer

According to generally accepted auditing standards, management is responsible for preparing the financial statements and the auditor's responsibility is to express an opinion on the financial statements based on the audit. Therefore, choice D is the correct answer as it correctly states that the responsibility of the financial statements is that of management, and the responsibility of the auditor is to express an opinion on the financial statements.

The Financial Statements Are the Responsibility of ________,And the Responsibility