The responsibility for a company's financial statements rests with:

Question

Quizplus · Accepted Answer

The top management of a company, including the CEO and the CFO, have the ultimate responsibility for the accuracy and completeness of the financial statements. While the treasurer and the controller may play important roles in preparing the financial statements, the ultimate responsibility rests with top management. External accountants that perform the independent audit provide an opinion on the fairness of the financial statements, but they do not have the same level of responsibility as the company's management.

The Responsibility for a Company's Financial Statements Rests With