Describe the role of a company's management and the external auditors in the accounting communication process.
Posted: Sat Aug 07, 2021 7:22 am
Answer: Management is primarily responsible for the content of their company's financial
reporting. The external auditors' opinion reports on the fairness of the financial statements while
reasonably assuring that they represent what they claim to represent and that they conform to
GAAP.
reporting. The external auditors' opinion reports on the fairness of the financial statements while
reasonably assuring that they represent what they claim to represent and that they conform to
GAAP.