Which of the following is used to verify the financial statements of a firm?
A) An activitybased costing portfolio
B) A accrualbasis accounting system
C) A stockholder's equity rulebook
D) An independent auditor's report

Question

Which of the following is used to verify the financial statements of a firm?
A) An activity­based costing portfolio
B) A accrual­basis accounting system
C) A stockholder's equity rulebook
D) An independent auditor's report

Quizplus · Accepted Answer

An independent auditor's report is used to verify the financial statements of a firm. The report is issued by an external auditor who examines the financial records of a company to ensure the accuracy and compliance with accounting standards.

Which of the Following Is Used to Verify the Financial