Question: An independent audit aids in the communication of economic data because the audit a. Confirms the exact accuracy of managements financial representations. b. Lends credibility

An independent audit aids in the communication of economic data because the audit

a. Confirms the exact accuracy of management’s financial representations.

b. Lends credibility to the financial statements.

c. Guarantees that financial data are fairly presented.

d. Assures, the readers of financial statements that any fraudulent activity has been corrected.

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