Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 10

Purpose of an Audit
Audits of financial statements are an important part of the accounting process to ensure integrity infinancial reporting.
a.hat is the purpose of anaudit
b.s anexternal user of accounting information, what meaning would you attach to an audit that concludes that the financial statements are fairly presented inconformity with generally accepted accounting principles
c.ould your interest in investing in this same company beaffected by anauditor's report that concludedthe financial statements were not fairlypresented Why or why not