Which one of the following is a potential problem with management's communication of financial information that causes third parties to desire the independent auditor's assessment of the financial statement presentation?

Question

Quizplus · Accepted Answer

The complexity of transactions affecting the financial statements and the remoteness of the user from the organization can both lead to potential problems with management's communication of financial information that cause third parties to desire the independent auditor's assessment of the financial statement presentation. Additionally, the lack of criteria on which to base information can also be a potential problem, but this is not listed as a choice in the question.

Which One of the Following Is a Potential Problem with Management's