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Management of an organization has the responsibility for all of the following except A. preparing financial statements and di
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Answer #1

Answer - Management is responsible for all except -

- Hiring External Auditor

Management Responsibility -

1. Preparing financial statement and disclosures is the responsibility of management,

2. Designing and assessing internal controls over financial reporting is the responsibility of the management.

3. Applying accounting principles used in the financial reporting is the responsibility of the management

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