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Why is there a need for a companys financial statements to be reviewed annually by independent auditors? Why users of the shareholders put trust on

  1. Why is there a need for a companys financial statements to be reviewed annually by independent auditors?
  2. Why users of the shareholders put trust on the work of external auditors and their opinion when looking at financial statements?
  3. What role should the management of the company play in the preparation of the financial statements?

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