An auditor does not prepare financial statements but instead samples and investigates data to render a professional

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An auditor does not prepare financial statements but instead samples and investigates data to render a professional opinion on whether the statements are “fairly presented.” List the potential implications of the auditor’s responsibility to users that rely on financial statements.

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...
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Financial Statement Analysis

ISBN: 978-0073379432

10th edition

Authors: K. R. Subramanyam, John J. Wild

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