A statement of responsibility, issued along with a company's financial statements, indicates that the financial statements are the responsibility of:
A) the independent auditors.
B) the shareholders.
C) management.
D) the board of directors.

Question

Quizplus · Accepted Answer

A statement of responsibility indicates that the financial statements are the responsibility of the management of the company. This is because management is responsible for preparing the financial statements and ensuring their accuracy. The independent auditors provide an opinion on the financial statements, but the ultimate responsibility for the statements lies with management. The shareholders and board of directors may have oversight responsibilities, but they are not typically responsible for the preparation and accuracy of the financial statements.

A Statement of Responsibility, Issued Along with a Company's Financial