Question

In addition to examining the company's financial statements and report whether they were presented fairly without...

In addition to examining the company's financial statements and report whether they were presented fairly without any misstatement what else is required of the external auditors by the recent changes in financial reporting?

Multiple Choice

  • To review and test the effectiveness of the company's internal controls

  • To review and test the effectiveness of the company's board of directors

  • To review and test the effectiveness of the company's marketing department

  • To report any financial misstatements or irregularities to the press

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Answer #1
Option A is the answer
External auditors are responsible for expressing an opinion on the financial statements, understanding the environment of entity and test the effectiveness of internal controls
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