What is the difference between liquidity and solvency? Why does this difference matter to an auditor?

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Auditing A Practical Approach

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Authors: Robyn Moroney

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Question Posted: Mar 11, 2016 02:28 AM

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What is the difference between liquidity and solvency? Why does this difference matter to an auditor?

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Liquidity is the ability of a company to meet its short term debt obligations Solvency is the longte...View the full answer

Auditing A Practical Approach

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