Wiley CPA Review QOTD – AUD

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The following is from the Wiley CPA 2011 Test Bank Software (Online). Click here to get over 900 AUD CPA Exam practice questions for $87.

Topic: Audit Evidence

The primary responsibility for the adequacy of disclosure in the financial statements of a publicly held company rests with the

A: Partner assigned to the audit engagement.
B: Management of the company.
C: Auditor in charge of the fieldwork.
D: Securities and Exchange Commission.

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2 comments

Name (required) 10 years ago

just wanted to know whether the CPA Exams 2010 are out.

blkjag 10 years ago

I would think B, since the key management officers has to signed off on the financial statements as part of reporting requirements to the SEC.