Who Has Primary Responsibility for Making Sure That a Company's

question 80

Multiple Choice

Who has primary responsibility for making sure that a company's financial statements follow GAAP?

• A)Management
• B)Independent auditors (CPAs)
• C)The Securities and Exchange Commission (SEC)
• D)The Public Company Accounting Oversight Board (PCAOB)

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Definitions:

Assassinated

The act of killing someone suddenly and deliberately, often a prominent or political figure, for ideological or other reasons.

Paranoia

A mental state characterized by irrational and persistent distrust or suspicion of others, often leading to isolation and distorted perceptions of reality.

Medication

Drugs used to diagnose, treat, or prevent disease and improve health and well-being.

Dissociative Amnesia

This is a disorder characterized by an inability to recall important personal information, usually of a traumatic or stressful nature, that cannot be explained by ordinary forgetfulness.