Which of the Following Best Describes Why an Independent Auditor

Multiple Choice

Which of the following best describes why an independent auditor is asked to express an opinion on the true and fair presentation of a financial report?

A) It is management's responsibility to seek available independent aid in the appraisal of the financial information shown in its financial report.
B) It is difficult to prepare a financial report that fairly presents a company's financial position and changes in cash flows without the expertise of an independent auditor.
C) It is a customary courtesy that all shareholders of a company receive an independent report on management's stewardship in managing the affairs of the business.
D) The opinion of an independent party is needed because a company may not be objective with respect to its own financial report.