There are three roles involved in any financial statement audit investor or potential investor firm and auditor. Which role does each person in the scenario most closely represent and how do the relationships between these roles differ from how these roles are related in a typical financial statement audit Explain your answer. (Hint since auditing is about reducing information risk focus your answer on who is faced with information risk In a financial statement audit the investor) 

Answer rating: 100% (QA)

Companies produce financial statements that provide information about their financial position and performance This information is used by a wide range of stakeholders eg investors in making economic ... View the full answer