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Big companies,required to audit their financial statements by public accounting firms, Which of the following best describes why attestation required?

 

a. Many managers do not understand the statements without an auditor’s assistance.

b. Investors and potential investors want outside confirmation of the reliability of the financial statements.

c. Corporate financial managers do not have the training or expertise to prepare financial statements.

d. Public accounting firms have the best ability to compare the performance of businesses within the industry in which the public accounting firm specializes.

 

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Question ajoutée par mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia
Date de publication: 2015/05/11
Asad Ahmed
par Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

 

b. The big companies require to audit financial statements by public accounting firm because an Investors and potential investors want outside confirmation of the reliability of the financial statements.

 

Mohamed Ayoub
par Mohamed Ayoub , Chief Financial Officer (CFO) , Taza Company Limited

Investors and potential investors want outside confirmation of the reliability of the financial statements.

Ayman Esa Mustafa Farrag
par Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

B is correct ,,,,,,,,,,,,,,,,,,,,,,,,,,

Laiq Saad
par Laiq Saad , Senior Accountant , Etihad Motqn Contracting Co.

Answer B is correct >>>>>>>>>>>>>>>

حسين محمد ياسين
par حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

b >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Elanchelvan Muniandy
par Elanchelvan Muniandy , SENIOR GROUP MANAGER, FINANCE, HR & ADMIN , SS BASE GROUP

Answer : B.

An independent view and attestation on the financial statements and the note to the accounts would increase the reliability on information provided.

NIJAS AREEKARA MEETHAL  MBA AFA MIPA CMA
par NIJAS AREEKARA MEETHAL MBA AFA MIPA CMA , Finance Controller , ESW

Answer is B, Companies  financial statements has to be audited by an independent Auditors would increase the reliability on information provided

عبدالحميد عفلي
par عبدالحميد عفلي , متصرّف مسؤول المحاسبة العامة والنزاعات الجبائية , الشركة الجهوية للنقل بالقيروان

b-<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

b. >>>>>>>>>>Investors and potential investors want outside confirmation of the reliability of the financial statements

ايمن محمد عاطف محمد
par ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

b----------------------------------------------------------------

Mohamed Abdelrahman
par Mohamed Abdelrahman , Senior Accountant , Msafat Company

B

It has to be approved by outside party, that we might receive the confidence of investors