The accuracy of information included in footnotes accompanying the audited financial statements issued by a company whose shares are traded on a stock exchange is the primary responsibility of:
A)the stock exchange officials.
B)the independent auditor.
C)the company's management.
D)the securities and exchange commission.

Question

Quizplus · Accepted Answer

The company's management is primarily responsible for the accuracy of all information presented in the financial statements, including the footnotes, as they are directly involved in the day-to-day operations and financial reporting of the company.

The Accuracy of Information Included in Footnotes Accompanying the Audited