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Why Is the Audit Report Important in the Analysis of a Company

Question 10

Multiple Choice

Why is the audit report important in the analysis of a company?


A) It guarantees the accuracy of the information in the financial statements.
B) It guarantees the accuracy of the internal controls of the company
C) The auditors are hired by management to assess the appropriateness of the accounting policies chosen.
D) The auditors are an independent third party expressing an opinion on the fairness of the financial statements.

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