The Third Party Who Checks Annual Financial Statements to Ensure

question 79

Multiple Choice

The third party who checks annual financial statements to ensure that they are prepared according to Generally Accepted Accounting Principles (GAAP) and verifies that the information reported is reliable is the

• A)Australian Securities and Investments Commission (ASIC).
• B)auditor.
• C)Australian Securities Exchange.
• D)Australian Accounting Standards Board.

---

Definitions:

Endocrine Gland

Endocrine system glands that directly secrete hormones into the bloodstream.

Thyroid

A gland in the neck that produces hormones regulating growth and metabolism.

Autonomic Nervous System

A part of the nervous system that controls involuntary functions in the body, such as heart rate, digestion, and respiratory rate.

Somatic Nervous System

Part of the peripheral nervous system associated with the voluntary control of body movements through the action of skeletal muscles.