Which of the following is not a consequence to a company resulting from the issuance of their financial statements?

Question

Quizplus · Accepted Answer

The issuance of financial statements is primarily for external users like investors, creditors, and competitors, not for providing information to auditors. Auditors already have access to this information before the statements are issued as they review and audit the financial statements to ensure their accuracy and compliance with accounting standards.

Which of the Following Is Not a Consequence to a Company