What is the purpose of an audit performed by a CPA? Do audits signify to financial statement users that no fraud and embezzlement occurred at the organization? How does sampling financial transactions help an auditor identify accounting errors? How do the auditor management letter and opinion letter differ from each other? What is the opinion letter? What are the different opinions that can be rendered? What are the primary reasons for audit failures and the financial scandals that sometimes accompany them? Describe government efforts to reduce audit failures

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An audit performed by a Certified Public Accountant CPA serves to provide an independent assessment ... View the full answer