[Solved] Financial statements are prepared by

Financial statements are prepared by

a) The accountant

b) The auditor

c) Managing director

d) None of these

Answer: (a) Financial statements are prepared by the accountant. The preparation of financial statements involves the process of aggregating accounting information into a standardized set of financials.

More MCQ and Answers on Auditing

  1. A vacancy caused by resignation of the auditor is filled by
  2. A company auditor can be removed before expiry of his term by
  3. Remuneration of a company auditor is fixed by the
  4. A company auditor, in general has to submit his report to
  5. An auditor of Government company has to submit his report to the
  6. Internal auditor has to submit report to
  7. Auditor should be dutiful like a
  8. Auditor, in general is an
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  10. While checking allotment, auditor should see that amount

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