The audit report is a rather crude device to inform shareholders about the auditors satisfaction, or dissatisfaction,
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The audit report is a rather crude device to inform shareholders about the auditors’ satisfaction, or dissatisfaction, with the view given by the financial statements and their compliance with the Companies Act and with the accounting framework used in their preparation. It would be beneficial to shareholders and other users if the auditor graded the financial statements using a number of attributes, somewhat along the lines of a school report card. Discuss.
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Related Book For
The Audit Process Principles Practice And Cases
ISBN: 9781473760189
7th Edition
Authors: Iain Gray, Louise Crawford, Stuart Manson
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