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An independent audit is important to readers of financial statements because it: a.       determines the future stewardship of the management of the company whose financial statements are audited

An independent audit is important to readers of financial statements because it: a.       determines the future stewardship of the management of the company whose financial statements are audited

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
Section: Chapter Questions
Problem 1.7DC
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4. An independent audit is important to readers of financial statements because it:
a.       determines the future stewardship of the management of the company whose financial statements are audited.
b.      measures and communicates financial and business data included in financial statements.
c.       involves the objective examination of and reporting on management‑ prepared statements.
d.      reports on the accuracy of all information in the financial statements.

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