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Which of the following best describes the reason why independent auditors report on financial statements? A management fraud may exist and it is more likely
Which of the following best describes the reason why independent auditors report on financial statements? A management fraud may exist and it is more likely to be detected by independent auditors. An audit provides credibility to the financial statements. A misstatement of account balances may exist and is generally corrected as the result of the independent auditors' work. Poorly designed internal control may be in existence
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