The primary responsibility for the information reported by a company rests with which of the following?
A) The company's management.
B) The company's auditors.
C) The local city council.
D) The Canada Revenue Agency.

Question

Quizplus · Accepted Answer

The primary responsibility for the information reported by a company rests with the company's management, as they are responsible for ensuring the accuracy and completeness of the information. Auditors review and provide an opinion on the information, but they are not responsible for creating it. Local city councils and the Canada Revenue Agency may have regulatory oversight, but they are not responsible for the accuracy of the company's financial information.

The Primary Responsibility for the Information Reported by a Company