Bankers usually insist that prospective borrowers submit audited financial statements along with a loan application. Why should

Question:

Bankers usually insist that prospective borrowers submit audited along with a loan application. Why should be audited by a CPA?

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...