Question: What is the purpose of an audit
What is the purpose of an audit?
Answer to relevant QuestionsWhat types of companies must have an integrated audit?What is management’s assertion that is assessed in a financial statement audit? In an audit of internal control over financial reporting (ICFR)?Why does the auditor have to issue two opinions, one on internal control and one on the financial statements? What are substantive audit procedures?What is remediation of internal control problems?
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