Evaluate this quote: Every international business, large or small, should have an annual audit by an independent auditor. Why should an auditor review the financial statements of a company each year?

Chapter 1, Exerise Questions #3

Evaluate this quote: ‘Every international business, large or small, should have an annual audit by an independent auditor.’ Why should an auditor review the financial statements of a company each year?

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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Related Book For answer-question

Principles of Auditing An Introduction to International Standards on Auditing

3rd edition

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

ISBN: 978-0273768173