Independent auditor: An independent auditor is the one who audit the books of accounts of a company. An independent audit may be an individual or firm. Only certified public accountant can examine the books of accounts of the company. Financial Statements: Financial statements are the part of final accounts of the company. The primary books of accounts like journal, ledgers are not presentable in front of users. So, the accountant of the company needs to prepare financial statements. The financial statements only record the quantitative information instead of qualitative one. To identify: The responsibility claimed by independent auditor for the financial statements of the A company.

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Chapter 1, Problem 33DQ

To determine

Independent auditor:

An independent auditor is the one who audit the books of accounts of a company. An independent audit may be an individual or firm. Only certified public accountant can examine the books of accounts of the company.

Financial Statements: Financial statements are the part of final accounts of the company. The primary books of accounts like journal, ledgers are not presentable in front of users. So, the accountant of the company needs to prepare financial statements. The financial statements only record the quantitative information instead of qualitative one.

To identify: The responsibility claimed by independent auditor for the financial statements of the A company.

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