Management is responsible for which of the following? a. Preparing financial statements in accordance with the appropriate

Question:

Management is responsible for which of the following?

a. Preparing financial statements in accordance with the appropriate auditing standards.

b. Designing, implementing, and maintaining internal control relevant to the preparation of the financial statements.

c. Using professional skepticism in the preparation of the financial statements.

d. Issuing an opinion on whether the financial statements are presented fairly in accordance with the appropriate financial reporting framework.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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