Why does a company hire independent auditors?
Posted: Sat Aug 07, 2021 7:02 am
A) To guarantee the accuracy of both annual and quarterly financial statements.
B) To verify the accounting accuracy of every transaction entered into.
C) To report on the fairness of financial statement presentation.
D) The auditors are responsible for the content of the financial statements.
Answer: C
Explanation: The role of auditors is to review the financial statements and issue an opinion on
the fairness of these statements.
B) To verify the accounting accuracy of every transaction entered into.
C) To report on the fairness of financial statement presentation.
D) The auditors are responsible for the content of the financial statements.
Answer: C
Explanation: The role of auditors is to review the financial statements and issue an opinion on
the fairness of these statements.