chapter 2 Professor Hightower, Sonja ACCT4400.001 1. RQ2-5 Answer: Management is primarily responsible for the fairness of the company’s financial statement. Similarly, the auditors are responsible for establishing and maintaining internal control in order to ensure that the financial statements fairly present the entity’s financial conditions and operations. However, the auditor only can provide reasonable assurance with respect to errors, fraud, and illegal acts. 2. MC 2-15: B 2-16: A 2-17:…
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