Chapter 1, Problem 32RSCQ

To determine

Introduction:An organized and independent examination of financial services to express an on opinion on financial statements whether such statements as a whole are free from material misstatement and gives a true and fair view of the state of the entity is known as auditing.

To specify:The use of audit to improve the quality of financial statements and managements reports on internal controls. Also, does an audit guarantee true presentation of financial statements.