3. Who bears ultimate responsibility for the financial statements? a. Management of the organization, equally with the external auditor that audits the statements. b. Management of the organization and the American Institute of Certified Public Accountants (AICPA). C. Management of the organization. d. Management of the organization, and the Public Company Accounting Oversight Board (PCAOB).
3. Who bears ultimate responsibility for the financial statements? a. Management of the organization, equally with the external auditor that audits the statements. b. Management of the organization and the American Institute of Certified Public Accountants (AICPA). C. Management of the organization. d. Management of the organization, and the Public Company Accounting Oversight Board (PCAOB).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:3. Who bears ultimate responsibility for the financial statements?
a. Management of the organization, equally with the external auditor that audits the statements.
b. Management of the organization and the American Institute of Certified Public Accountants
(AICPA).
C. Management of the organization.
d. Management of the organization, and the Public Company Accounting Oversight Board (PCAOB).
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