Question

The integrity of financial statement presentations and disclosures is enhanced when

a) The financial statements are audited by a CPA.
b) The financial statements are prepared in an environment that includes a strong system of internal control.
c) The financial statement preparers have the appropriate education and experience necessary.
d) All of the above.

Answer 1

All of the above

Explanation:

In this question, we want to select which of the options can enhance the integrity of financial statements preparations and disclosure.

The correct answer is the last option which is all of the above

The last option is correct because each of the individual options above it will enhance the integrity.

A financial statement with integrity is one which is audited by the CPA, prepared in an environment with strict interval control and overall the people who are in charge of preparing it are experienced people