Which of the following is primarily responsible for the information provided in the financial statements?
Posted: Sat Aug 07, 2021 7:10 am
A) Chief Executive Officer.
B) External Auditors.
C) Board of Directors.
D) Internal Accounting Staff.
Answer: A
Explanation: Primary responsibility for the information in the financial statements lies with
management. Management is represented by the highest officer of the company and the highest
financial officer.
B) External Auditors.
C) Board of Directors.
D) Internal Accounting Staff.
Answer: A
Explanation: Primary responsibility for the information in the financial statements lies with
management. Management is represented by the highest officer of the company and the highest
financial officer.