The paragraph in a typical audit report that states it is the responsibility of the company's management to prepare the financial statements is:
A) the third paragraph.
B) the second paragraph.
C) the first paragraph.
D) in the footnotes to the audit report.
Correct Answer:
Verified
Q135: When the financial statements are in accordance
Q136: The paragraph in a typical audit report
Q137: The Securities Exchange Act of 1934 requires
Q138: The unqualified opinion is the highest statement
Q139: The auditors perform their audit in accordance
Q140: When management issues a statement of responsibility,
Q142: The primary responsibility of the independent auditor
Q143: An audit opinion stating that the statements
Q144: The paragraph in a typical audit report
Q145: A "clean" opinion given by the external
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