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 company's benefit.

Question

Quizplus · Accepted Answer

The certification of financial statements as "clean" by an objective third party, such as an auditor, is primarily for the benefit of stakeholders, including investors, creditors, and regulators, to ensure the accuracy and reliability of the financial information.

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