Which of the following describe the true relationship between the auditor, client, and external users of financial
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Question:
Which of the following describe the true relationship between the auditor, client, and external users of financial statements?
A. External users rely on auditor’s reports to reduce information risk provided by management.
B. Management provides capital, and an auditor is hired to provide reports relied upon by users for assurance.
C. Management and auditor provide a financial statement to external users.
D. Auditor ensures reports are based on management decisions on the economic event to be presented to external.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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