(1) financial statements are representations by management;
(2) the public accountant has the responsibility for conducting his examination in accordance with accepted auditing standards; and
(3) the accountant (certified or otherwise) has the sole responsibility for writing his opinion stating, among other things, whether the financial statements are presented in accordance with accounting principles applied on a consistent basis.
Tags: published, Accounting, business, financial, management, lease, risk
October 26, 2015 at 11:13AM
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