should financial analysts be held liable for their opinions regarding the financial health of firms?

Expert Solution

As we know that the analyze believes on the data that are available to the general public and do their calculations based on the data provided they give their judgments by taking the help of experts, other professionals, etc. Also the audit report is prepared by the auditor that represents the actual financial position of the company. Based on the data available with respect to the company the auditor report gives the qualified report or unqulaified report. Also the company hide that information i.e. unfair from the analyst, and the auditor

Hence, the given statement be false.

jeff jeffy answered 2 years ago

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