Who is responsible for the preparation and integrity of financial statements?
A)A cost accountant
B)Management
C)An auditor
D)A bookkeeper
E)The FASB

Question

Quizplus · Accepted Answer

Management is responsible for the preparation and integrity of the company's financial statements. They ensure that the financial statements are accurate, complete, and in accordance with relevant accounting standards. Auditors, on the other hand, are responsible for auditing these statements to provide an independent opinion on their fairness and adherence to the accounting standards.

Who Is Responsible for the Preparation and Integrity of Financial