A corporation is contemplating issuing debenture bonds to a group of investors a Explain how independent audits of the corporation 's financial statements facilitate this transaction b Describe the likely effects on the transaction if the corporation decides not to obtain inde pendent audits of its...

a Audits of financial statements of a corporation contemplating issuing debenture bo ...

A corporation is contemplating issuing debenture bonds to a group of investors. a. Explain how independent audits

Question:

A is contemplating issuing debenture bonds to a group of investors.
a. Explain how independent audits of the corporation's facilitate this transaction.
b. Describe the likely effects on the transaction if the decides not to obtain inde pendent audits of its

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...