Independent auditors are generally actively involved in each of the following tasks except:
A)Preparation of a client's financial statements and accompanying notes
B)Advising client management as to the applicability of a new accounting standard
C)Proposing adjustments to a client's financial statements
D)Advising client management about the presentation of the financial statements

Question

Quizplus · Accepted Answer

Independent auditors are responsible for providing an opinion on the fairness of a client's financial statements, but they are not responsible for preparing the financial statements themselves. The other choices (B, C, D) all involve the auditor's involvement in providing guidance to the client about accounting standards, making adjustments to financial statements, and advising on presentation of financial statements.

Independent Auditors Are Generally Actively Involved in Each of the Following