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Hi, Is CPA responsible for preparing financial statements? Discuss the responsibility and functions of CPA? Identify and explain the difference between the Audit Committee Report

Hi,

Is CPA responsible for preparing financial statements? Discuss the responsibility and functions of CPA?

Identify and explain the difference between the Audit Committee Report and independent Auditors Report

What is the basic information discussed in these two reports? What do you think which report provides reliable information to stakeholders?

Reliable accounting and financial reporting aids society in allocating resources in an efficient manner. Explain why audits are demanded by society?

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