External Auditors Examine Financial Statements to Verify That They Are

question 213

True/False

External auditors examine financial statements to verify that they are prepared according to generally accepted accounting principles.

---

Definitions:

Deming

Refers to W. Edwards Deming, an engineer, statistician, and management consultant known for his work in quality management and productivity improvement.

Autocratic Organizations

Organizations characterized by centralized decision-making, where control is exercised by a single leader, leading to quicker decision-making but potentially lower employee morale.

Deming Management

A comprehensive management approach proposed by W. Edwards Deming, focusing on quality improvement, increased productivity, reduced costs, and customer satisfaction through statistical methods.

Everyone's Job

A principle suggesting that a specific task or responsibility is shared among all members of a group or organization.