Question: AUDITING Please answer detail question below 1) Explain the difference between a financial report audit and an assurance engagement. 2) Who are the three parties

AUDITING

Please answer detail question below

1) Explain the difference between a financial report audit and an assurance engagement.

2) Who are the three parties relevant to an assurance engagement in the financial reporting context? Explain why each party is interested in the result of an audit.

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