Which of the following is a characteristic of the person doing the assessment of the financial statements?
A) The person completing the assessment is an employee of the company.
B) The person completing the assessment works for an accounting firm that is associated with the company only in a role of being hired to perform an audit.
C) The person performing the assessment may be a banker,current or potential stockholder,or a regulatory body.
D) The person performing the assessment makes adjustments to the decisions recorded by the firm so that outsiders have accurate information to make decisions.
Correct Answer:
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