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The audited books of public companies is very important for decision-making by relevantstakeholders. A. Outline the Major purpose of conducting a statutory audit of the

The audited books of public companies is very important for decision-making by relevantstakeholders. A. Outline the Major purpose of conducting a statutory audit of the financial statements.(2 marks) B. Use appropriate examples to highlight TWO (2) objectives of auditing the financialstatement of a public company (8 marks) C. Explain THREE (3) advantages of the financial statements of a public company(9 marks) D. Distinguish between a compliance audit and a financial audit. (6 marks) Total = 20 marks

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