Question

Which of the following best describes why an independent auditor is asked to express an opinion on the fair presentation of financial statements? 0.1111 points Save The opinion of an independent party is needed because a company may not be objective with respect to its own financial statements. OA. It is management's responsibility to seek available independent ald in the appraisal of the financial information shown in its financial statements O B. c It is a customary courtesy that all stockholders of a company receive an indepen- dent report on management's stewardship of the affairs of the business. It is difficult to prepare financial statements that fairly present a company's financial position, operations, and cash flows without the experise of an independent audtor D.

Answer 1

Answer:

The opinion of an independent party is needed because a company May not be objective with respect to it's own financial statement.

Explanation:

An auditor opinion is a certification that accompanies financial statements.auditor opinion also called accountants opinion,his opinion presented in audit report,so opinion of independent party is needed.