When a company's financial statements have been certified by an objective third-party to be "clean," that certification is meant to be for the public's benefit rather than the company's benefit.

Question

Quizplus · Accepted Answer

The certification of clean financial statements by an objective third-party is meant to assure the public or stakeholders about the reliability and credibility of the company's financial reporting, ultimately benefiting them rather than the company.

When a Company's Financial Statements Have Been Certified by an Objective