Why does the auditor divide the financial statements into smaller segments? A. The cycle approach is used because auditing standards require it. B. Using the cycle approach makes the audit more manageable. C. Most accounts have few relationships with others and so it is more efcient to break the financial statements into smaller pieces. D. All of the above are correct. The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the: A. financial statement auditor. B. company management. C. company's internal audit department. D. board of directors