Briefly describe five limitations of financial statement analysis.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 55RSCQ
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Briefly describe five limitations of financial statement analysis.
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Financial statement analysis is a process made for analysing the financial statements of the company to make some useful decisions. The users of financial statements are investors, employees, creditors, government and owners.
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