The self-interest of the provider of financial information (whether an individual or a business entity) often runs directly counter to the interests of the user
The self-interest of the provider of financial information (whether an individual or a business entity) often runs directly counter to the interests of the user of the information.
Required:
a. Give an example of such opposing interests.
b. What may be done to compensate for the possible bias existing because of the self-interest of the individual or business entity providing the financial information?
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a An individual or a company has to provide financial information to a bank when applying for a loan ... View full answer
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
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