Multiple choice

In a company, auditor's report is required to be submitted to the

  1. board of directors

  2. bankers of the company

  3. shareholders of the company

  4. creditors of the company
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The statutory auditor is appointed by the shareholders and is legally required to report their findings to them. This report provides assurance to the owners about the accuracy of the financial statements prepared by management.

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