1) State the audit's statutory reporting obligations 

2) Explain what is required in order for financial statements to provide a 'true and fair view' 

3) Explain what is meant by 'adequate accounting records' 

4) Describe the format of a standard audit report 

5) Explain the various types of audit opinions expressed in audit reports.

Answer rating: 100% (QA)

Financial accounting is the process by which an organizations revenue receivables and expenses are collected measured recorded and finally reported into a financial statement This process is designed ... View the full answer