Which of the following best describes the reason why an independent auditor reports on financial statements? a.

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Which of the following best describes the reason why an independent auditor reports on financial statements?

a. A management fraud will be detected by independent auditors.

b. Different interests may exist between the company preparing the statements and the persons using the statements.

c. A misstatement of account balances is corrected as the result of the independent auditor's work

d. A poorly designed internal control structure may exist.

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Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

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Question Posted: May 07, 2024 12:01 PM

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Which of the following best describes the reason why an independent auditor reports on financial statements? a.

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The best answer is b Different interests may exist between t...View the full answer

Auditing Integrated Concepts And Procedures

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