Hansen Corporation's stock is listed on a national stock exchange and registered with the Securities and Exchange Commission.Hansen's management hires a CPA to perform an independent audit of Hansen's financial statements.The primary objective of this audit is to provide assurance to the:
A)investors in Hansen Corporation's stock.
B)stock exchange.
C)Securities and Exchange Commission.
D)management of Hansen Corporation.

Question

Quizplus · Accepted Answer

The primary objective of an independent audit of financial statements is to provide assurance to the investors in the company's stock about the accuracy and completeness of the financial information presented. The audit report issued by the CPA is crucial in building trust and credibility among the stakeholders of the company, and it helps investors in making informed decisions about their investments. The audit report is not primarily meant for the stock exchange, SEC, or the management of the company, although they may benefit indirectly from it.

Hansen Corporation's Stock Is Listed on a National Stock Exchange