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Why is it the client's decision to record adjustments to the financial statements? Group of...

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Accounting

Why is it the client's decision to record adjustments to the financial statements?

Group of answer choices

Having auditors adjust the financial statements would impair independence with respect to the regulator.

The financial statements are the responsibility of the client's management.

Auditors often do not have sufficient client-specific expertise to record adjustments to the financial statements.

The client will ultimately suffer any losses related to misstated financial statements.

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