Primary responsibility for the financial statements lies with: $$\begin{array} { | c | c | c | }
\hline & \text { Auditors } & \text { Management } \
\hline \text { A. } & \text { Yes } & \text { Yes } \
\hline \text { B. } & \text { Yes } & \text { No } \
\hline \text { C. } & \text { No } & \text { Yes } \
\hline \text { D. } & \text { No } & \text { No } \
\hline
\end{array}$$
A) Option A
B) Option B
C) Option C
D) Option D

Question

Primary responsibility for the financial statements lies with: $$\begin{array} { | c | c | c | } 
\hline & \text { Auditors } & \text { Management } \
\hline \text { A. } & \text { Yes } & \text { Yes } \
\hline \text { B. } & \text { Yes } & \text { No } \
\hline \text { C. } & \text { No } & \text { Yes } \
\hline \text { D. } & \text { No } & \text { No } \
\hline
\end{array}$$
A) Option A
B) Option B
C) Option C
D) Option D

Quizplus · Accepted Answer

Management is primarily responsible for the preparation and presentation of financial statements. Auditors are responsible for providing an independent opinion on the financial statements.

Primary Responsibility for the Financial Statements Lies With A) Option a B) Option B C) Option C D)

Primary Responsibility for the Financial Statements Lies With A) Option a
B) Option B
C) Option C
D)