A company's auditor can act as a receiver for the companies property.

Name: A company's auditor can act as a receiver for the companies property.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

An auditor's primary role is to provide an independent examination of the financial statements, which enhances the degree of confidence of intended users. Acting as a receiver for the company's property would create a conflict of interest, compromising their independence.

A Company's Auditor Can Act as a Receiver for the Companies