单选题
编号：2690267
1. Paul Schmidt, a representative for Westby Investments, is explaining how security analysts use the results of the accounting process. He states, "Analysts do not have access to all the entries that went into creating a company's financial statements. If the analyst carefully reviews the auditor's report for any instances where the financial statements deviate from the appropriate accounting principles, he can then be confident that management is not manipulating earnings." Schmidt is:
- A.correct.
- B.incorrect,because the entries that went into creating a company's financial statements are publicly available.
- C.incorrect,because management can manipulate earnings even within the confines of generally accepted accounting principles.