Preparing consolidated financial statements is the responsibility of the parent company

Name: Preparing consolidated financial statements is the responsibility of the parent company
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Consolidated financial statements are prepared by the parent company by combining the financial statements of its subsidiaries. Therefore, it is the responsibility of the parent company to prepare consolidated financial statements.

Preparing Consolidated Financial Statements Is the Responsibility of the Parent