Which party enhances the confidence of financial report users?
A) management
B) auditor
C) board of directors
D) audit committee

Question

Quizplus · Accepted Answer

The auditor is responsible for expressing an independent opinion on the financial statements, which enhances the confidence of financial report users. Management prepares the financial statements, but its self-interested nature may affect the quality of the report. The board of directors and audit committee oversee financial reporting, but they do not have the same level of expertise as auditors in ensuring the accuracy and completeness of the financial statements.

Which Party Enhances the Confidence of Financial Report Users