Management’s primary responsibility with respect to financial statements is to
A. prepare them, as they have the best insight and know what should be included.
B. audit them, as they are distant enough from daily operations.
C. rely on them to make decisions.
D. None of the above are true.
Answer:A
Management’s primary responsibility with respect to financial statements is to
A. prepare them, as they have the best insight and know what should be included. B. audit them, as they are distant enough from daily operations. C. rely on them to make decisions. D. None of the above are true.