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please do it in detail (a) Audit report is essential in auditing because they communicate auditors' findings. (1) Predict two (2) major problems that stakeholders
please do it in detail
(a) Audit report is essential in auditing because they communicate auditors' findings. (1) Predict two (2) major problems that stakeholders will be facing if the audit report is not prepared by independent entity. (4 marks) (ii) One of the audit reports that auditors issue is "Unqualified Report with Explanatory Paragraph". One condition when this report is issued is when the auditors have a substantial doubt about going concern of their audit client. Present why having a doubt on the ability of the client to continue their business operation in the next financial cycle does not require auditors to issue "Qualified Audit Report". (6 marks) Step by Step Solution
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