{"id":32736,"date":"2024-04-15T09:06:04","date_gmt":"2024-04-15T09:06:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32736"},"modified":"2024-04-15T09:06:04","modified_gmt":"2024-04-15T09:06:04","slug":"the-financial-auditor-submits-the-report-to-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/","title":{"rendered":"The financial auditor submits the report to the"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Shareholders&#8221; option2=&#8221;Board of directors&#8221; option3=&#8221;Debtors&#8221; option4=&#8221;Employees&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Board of directors<\/strong><\/p>\n<p>The board of directors is responsible for overseeing the management of a company and ensuring that it is run in the best interests of the shareholders. The board of directors appoints the company&#8217;s auditors and receives their reports. The auditors&#8217; report is an important document that provides the board of directors with information about the company&#8217;s financial condition and performance.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Shareholders are the owners of a company. They elect the board of directors and have the right to vote on important matters, such as the election of directors and the approval of mergers and acquisitions. However, shareholders do not receive the auditors&#8217; report directly. Instead, the board of directors receives the report and then decides whether to share it with the shareholders.<\/li>\n<li>Debtors are people or companies that owe money to a company. The company&#8217;s financial statements include information about the company&#8217;s debts, but the auditors&#8217; report is not specifically addressed to debtors.<\/li>\n<li>Employees are people who work for a company. The company&#8217;s financial statements include information about the company&#8217;s employees, but the auditors&#8217; report is not specifically addressed to employees.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Shareholders&#8221; option2=&#8221;Board of directors&#8221; option3=&#8221;Debtors&#8221; option4=&#8221;Employees&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[698],"tags":[],"class_list":["post-32736","post","type-post","status-publish","format-standard","hentry","category-auditing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The financial auditor submits the report to the<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The financial auditor submits the report to the\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Shareholders&#8221; option2=&#8221;Board of directors&#8221; option3=&#8221;Debtors&#8221; option4=&#8221;Employees&#8221; correct=&#8221;option2&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:06:04+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The financial auditor submits the report to the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/","og_locale":"en_US","og_type":"article","og_title":"The financial auditor submits the report to the","og_description":"[amp_mcq option1=&#8221;Shareholders&#8221; option2=&#8221;Board of directors&#8221; option3=&#8221;Debtors&#8221; option4=&#8221;Employees&#8221; correct=&#8221;option2&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:06:04+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/","name":"The financial auditor submits the report to the","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:06:04+00:00","dateModified":"2024-04-15T09:06:04+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-financial-auditor-submits-the-report-to-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Commerce","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/"},{"@type":"ListItem","position":4,"name":"Auditing","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/auditing\/"},{"@type":"ListItem","position":5,"name":"The financial auditor submits the report to the"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32736"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32736\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}