Who is responsible for ensuring the reliability and completeness of the financial statements?

Question

Quizplus · Accepted Answer

Management is ultimately responsible for ensuring the reliability and completeness of the financial statements. However, auditors also play a role in providing independent assurance on the accuracy of the financial statements. Bookkeepers are responsible for recording financial transactions, while internal auditors provide independent assurance on the effectiveness of internal controls.

Who Is Responsible for Ensuring the Reliability and Completeness of the Financial