Question: Questions Requiring Analysis 1 - 2 7 ( Static ) [ LO 1 - 4 ] A corporation is contemplating issuing debenture bonds to a

Questions Requiring Analysis 1-27(Static)[ LO 1-4]
A corporation is contemplating issuing debenture bonds to a group of investors.
Required:
Explain how independent audits of the corporations financial statements facilitate this transaction.
Describe the likely effects on the transaction if the corporation decides not to obtain independent audits of its financial statements.

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