Ask Question
4 October, 09:30

Management has a legal and professional responsibility to be sure that the financial statements are prepared in accordance with reporting requirements of applicable accounting frameworks.

a. True

b. False

+3
Answers (1)
  1. 4 October, 11:22
    0
    a. True

    Explanation:

    An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.

    The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Management has a legal and professional responsibility to be sure that the financial statements are prepared in accordance with reporting ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers