The annual financial statements of all large, publicly owned corporations are audited.a. What is an audit of financial statements?b. Who performs audits?c. What is the purpose of an audit?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
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Chapter1: Comprehensive Cases
Section1.1: Enron Corporation
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The annual financial statements of all large, publicly owned corporations are audited.
a. What is an audit of financial statements?
b. Who performs audits?
c. What is the purpose of an audit?

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