What is the responsibility of the auditing firm? Who is responsible for the content of the financial statements?
The responsibility of the auditors is to express an opinion on the financial statements of the corporation being audited. Company's management is responsible for the content of the published financial statements..
You might also like to view...
The order of presentation of activities on the statement of cash flows is
A) operating, investing, financing. B) operating, financing, investing. C) financing, operating, investing. D) financing, investing, operating.
Affirmative action proponents believe affirmative action programs are necessary until what conditions are met?
a. Until a more balanced representation between advantage and disadvantage groups exist. b. Until the desired diversity goals are achieved c. Until perpetuity d. Until people are not judged by their differences
Which of the following is the BEST introduction of a product or service in a sales message?
a. Feel the warmth of the sun and the rush of the wind as you cruise through town in your new Trinity convertible. b. This is your year to buy a new car, and we can help. c. Wow...do we have the car for you! d. The Trinity convertible has the power and style that few others can offer.
A conditional sale contract can be assigned by the creditor over to a finance company
Indicate whether the statement is true or false