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Balance sheets and income statements are supposed to be objective assessments of the financial conditions of a company. But the accounting scandals of the last

Balance sheets and income statements are supposed to be objective assessments of the financial conditions of a company. But the accounting scandals of the last few years show that certain pressures may be put on accountants as they audit a companys financial statements. Describe these pressures. To what extent do these pressures make the audit more subjective?

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