It is the responsibility of the board of directors to:

Question

Quizplus · Accepted Answer

The board of directors is responsible for ensuring that the financial report is prepared so as to provide a true and fair view. This includes overseeing management's preparation of financial statements and ensuring that appropriate accounting policies are selected and consistently applied. While the auditors may provide an opinion on the truth and fairness of the financial statements, the ultimate responsibility for ensuring the accuracy of the financial report lies with the board of directors. Additionally, the board may provide guidance on areas that should receive particular attention during the audit, but they do not direct the auditors to audit specific financial statement accounts.

It Is the Responsibility of the Board of Directors To