Which of the following organizations or groups issue an opinion on whether a company's financial statements are a fair representation of the company's financial situation?
A) SEC
B) Board of Directors
C) Shareholders
D) Independent Accountants (CPAs)

Question

Quizplus · Accepted Answer

Independent Accountants (CPAs) issue an opinion on whether a company's financial statements are a fair representation of the company's financial situation. The SEC oversees financial reporting for publicly traded companies, while the Board of Directors and shareholders may review and approve financial statements, but they do not issue official opinions on their fairness.

Which of the Following Organizations or Groups Issue an Opinion