It is the responsibility of the board of directors and its audit committee to engage an independent accounting firm to audit the financial statements prepared by management.

Question

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According to generally accepted accounting principles (GAAP) and corporate governance regulations, it is the responsibility of the board of directors and its audit committee to engage an independent accounting firm to audit the financial statements prepared by management. This helps ensure the accuracy, reliability, and transparency of the financial statements.

It Is the Responsibility of the Board of Directors and Its