Are the financial statements of a company the responsibility of the independent accountants?
Is it the accountants job to handle the company financial statements and the validity of it? Or the highest ranking financial officer of some sort?
Asked By: i - 11/26/2011
Best Answer - Chosen by Asker
Whether a company is private or public, utilizes and independent accounting firm or internal accountants the validity, accuracy and integrity of the numbers on the financial statement are the legal responsibility of the CFO and CEO of the company. However, for public companies under the Sarbanes-Oxley Act of 2002... More
Answered By: Maverick Capitalist - 11/26/2011
Additional Answers (2)
Professional Ethic asserts that you do the best for the benefit of yourself and the company.It is not their responsibiliity. It is their duty to make correct financial statements as this is what they are paid to do. And they must honor this.
Answered By: ZuSh - 11/26/2011
It is the responsibility of the Accounting Department and they have to follow the policy guidelines of the company.
Answered By: smahadevan39 - 11/26/2011
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