Question: Financial Reporting on the Internet (STC) 3- Identify and explain the difference between the Audit Committee Report and independent Auditors Report from annual report of

Financial Reporting on the Internet (STC)

3- Identify and explain the difference between the Audit Committee Report and independent Auditors Report from annual report of STC. What is the basic information discussed in these two reports? What do you think which report provides reliable information to stakeholders? (10 marks) 4- Imagine you are the external auditor of STC, how do you interpret and what is your view on the "going concern" assumption on the financial stability of a business? (10 marks) 5. What does the term "material misstatement" mean? Does auditor indicate and highlighted any information about material misstatement in annual report? (10 marks)

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