Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The audit report is the one and only avenue through which auditors can communicate with the company's investors. There are no other communications, emails, information

The audit report is the one and only avenue through which auditors can communicate with the company's investors. There are no other communications, emails, information that go from auditor directly to the investor? That may seem crazy, especially because the auditors are doing the whole audit for those exact investors?

Assume you've got some money to invest and you are reading through the financial statements of a company, including the audit report, trying to decide whether to invest your money? Name one thing that you would want the auditors to tell you related to the company and why?

Step by Step Solution

3.35 Rating (176 Votes )

There are 3 Steps involved in it

Step: 1

1 It is true that the audit report is the primary means of communication between auditors and investors or other users of the financial statements The ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services A Systematic Approach

Authors: William Messier, Steven Glover, Douglas Prawitt

9th edition

1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343

More Books

Students also viewed these Accounting questions

Question

How does the winner of a lawsuit enforce the judgment?

Answered: 1 week ago