Which of the Following Best Describes the Primary Role and Responsibility

question 20

Multiple Choice

Which of the following best describes the primary role and responsibility of independent external auditor?

• A)Produce a company's annual financial statements and notes.
• B)Express an opinion on the fairness of a company's annual financial statements and footnotes.
• C)Provide business consulting advice to audit clients.
• D)Obtain an understanding of the client's internal control structure and give management a report about control problems and deficiencies.

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Definitions:

Matrix Structure

An organizational structure that creates dual lines of authority by combining functional and product-based departments.