Question

In: Finance

true or false, the person who provide a report on the extent to which a company's...

true or false, the person who provide a report on the extent to which a company's financial statement faily prsents it financial perfomance and financial position at any given point in time is the internal Auditor

Solutions

Expert Solution

Answer: FALSE

Explanation:

It is the job of the external auditor to report on the fairness of the financial statements of a company. The internal auditor may also verify the reporting statements for its accuracy and fairness in the course of his job, if it is part of his assigned duties. But, the reporting on fairness is done by the external auditor.


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