To whom is the auditors’ report addressed?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To whom is the auditors’ report addressed?
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The financial statement of a company is examined by an independent auditor with regard to their accuracy. The auditor express his or her view on the accuracy and sufficiency of financial statements.
The financial statements are audited for the interest of the different stakeholders of the company. It increases the trust of the users in the financial statements of the firm.
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