Why does a company hire independent auditors?

A) To guarantee the accuracy of both annual and quarterly financial statements.
B) To verify the accounting accuracy of every transaction entered into.
C) To report on the fairness of financial statement presentation.
D) The auditors are responsible for the content of the financial statements.

Question

Henry Mitchell · Accepted Answer

Final Answer : C, Explanation :  Companies hire independent auditors to report on the fairness and accuracy of their financial statement presentation. While auditors may review accounting transactions, they are not responsible for every transaction entered into or the content of the financial statements. Their role is to provide assurance to stakeholders that the financial statements fairly represent the company's financial position and performance.

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