Both the management and the external auditor have some level of responsibility for a financial statement as per Generally Accepted Accounting Principles. To select: The statement that best describes management’s and the external auditor’s levels of responsibility for a public company’s financial statements.

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Chapter 2, Problem 2.19MCQ

To determine

Introduction: Both the management and the external auditor have some level of responsibility for a financial statement as per Generally Accepted Accounting Principles.

To select: The statement that best describes management’s and the external auditor’s levels of responsibility for a public company’s financial statements.

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