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Select all that applyWhich of the following are included in the primary roles of an independent auditor (CPA)? Multiple select question.Determines if financial statements are materially correct, rather than absolutely correct.Presents an opinion on whether the company should be considered a good investment, average investment or poor investment.Provides estimates of the market value of significant assets.Issues public reports that assess the quality of the management team.Assumes both legal and professional responsibilities to the public as well as to the com

Question

Select all that applyWhich of the following are included in the primary roles of an independent auditor (CPA)? Multiple select question.Determines if financial statements are materially correct, rather than absolutely correct.Presents an opinion on whether the company should be considered a good investment, average investment or poor investment.Provides estimates of the market value of significant assets.Issues public reports that assess the quality of the management team.Assumes both legal and professional responsibilities to the public as well as to the com

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Solution

The primary roles of an independent auditor (CPA) include:

  1. Determines if financial statements are materially correct, rather than absolutely correct.
  2. Assumes both legal and professional responsibilities to the public as well as to the company.

The other options are not typically part of an independent auditor's primary roles. They do not present opinions on the investment quality of the company, provide estimates of the market value of significant assets, or issue public reports assessing the quality of the management team. Their main role is to ensure the accuracy and fairness of the financial statements.

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