- 1 Marks
Question
To examine financial statements, in Assurance Engagements, “Responsible Parties” are linked to ………………
Answer
The Management
Explanation: In assurance engagements, “Responsible Parties” are typically linked to the management of the entity, as they are responsible for the preparation and fair presentation of financial statements in accordance with applicable accounting standards.
- Tags: Assurance engagements, Audit, Financial Statements, Responsible Parties, Stakeholders
- Level: Level 3
- Topic: Assurance Engagements
- Series: NOV 2012
- Uploader: Dotse