Financial statement audits are conducted at year-end for all publicly traded corporations such as Walmart, Amazon, Coca Cola, Exxon/Mobil, At&t, etc. If the CPA firm(external auditors) concluded that the financial statements were not prepared in conformity with GAAP, how might this affect an investor's decision-making process? Explain.

Answer rating: 100% (QA)

Explanation 1It will effect the investors with a baseline of analysis forand comparison betweenthe f... View the full answer