Which of the Following Best Describes the Reason Why an Independent

Multiple Choice

Which of the following best describes the reason why an independent auditor reports on financial statements?

A) A management fraud may exist and it is more likely to be detected by independent auditors.
B) Different interests may exist between the company preparing the statements and the parties using the statements.
C) A misstatement of account balances may exist and is generally corrected as the result of the independent auditor's work.
D) A poorly designed internal control system may be in place.