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What is the responsibility of auditors in relation to financial statements?
  • a)
    To prepare financial statements for the enterprise.
  • b)
    To determine the extent of disclosure in financial statements.
  • c)
    To form opinions and report on financial statements.
  • d)
    To enforce compliance with Accounting Standards.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the responsibility of auditors in relation to financial statem...
The responsibility of auditors is to form opinions and report on financial statements. While the management is responsible for preparing the financial statements, auditors assess their accuracy and adherence to accounting principles.
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What is the responsibility of auditors in relation to financial statements?a)To prepare financial statements for the enterprise.b)To determine the extent of disclosure in financial statements.c)To form opinions and report on financial statements.d)To enforce compliance with Accounting Standards.Correct answer is option 'C'. Can you explain this answer?
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