Question: How do audits serve a preventive purpose
How do audits serve a “preventive” purpose?
Answer to relevant QuestionsWhy does having audited financial statements bring down a company’s cost of capital? SLUTION Audited financial statements provide reasonable confidence to investors that the financial statements are materially correct, ...Why is auditing described as a systematic process?What are examples of non-assurance and consulting services?What are the client prerequisites in order for an audit to be performed?What sources of information about the client company are available early in planning and risk assessment?
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