1. Which of the following best explains why an auditor is required to express an opinion on the central and fair presentation of the financial statements A. It is difficult to establish a financial statement which presents an intermediate and fair financial statement of the company's performance without the help of independent auditors.
B. It is the responsibility of the business manager to seek independent help in evaluating the presentation of information on the newsletter itself.
C. Opinion is established by an independent 3rd party because the company cannot be objective in its own financial statements.
D. The usual request of a joint stock company is to receive an independent report on the management of the enterprise by its managers.