Who is the most important user of an auditors report on a companys financial statements: company management,
Question:
Who is the most important user of an auditor’s report on a company’s financial statements: company management, the company’s shareholders, or the company’s creditors? Briefly explain your rationale and indicate how auditors should resolve potential conflicts in the needs of the three parties.
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All three of these parties are important users Arguments can be made for each group as follows Shareholders They are owners of the organization and th...View the full answer
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Vikash Verma
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I have completed my Masters in Management from Indian Institute of Management, Bodh Gaya which is India's premier B-School. I was among the top 3 percentile (97 percentile) in the Common Admission Test. I have been mentoring MBA students for their doubts and providing case-based solutions. I am a general management degree holder and have industrial experience in marketing, corporate finance, and operations. This gives me an advantage of looking at a problem from industry perspective and give solution accordingly.
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ISBN: 978-0324375589
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Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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