The Responsibility for the Financial Statements Rests_______

question 46

Multiple Choice

The responsibility for the financial statements rests_______.

• A)jointly with the auditor and management
• B)solely with management
• C)with the internal audit function
• D)solely with the external auditor

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Definitions:

Glossopharyngeal

Relating to the ninth cranial nerve, which is involved in taste sensation and swallowing.

Vestibulocochlear

Relates to the vestibulocochlear nerve, the eighth cranial nerve, responsible for hearing and balance.

Equilibrium

The state in which all acting influences are balanced in a physical system or in a chemical reaction, leading to stability.

Vestibulocochlear Nerve

The eighth cranial nerve responsible for transmitting sound and balance information from the inner ear to the brain.