Why do you think auditors write the following statement in a companys annual report? These consolidated financial

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Why do you think auditors write the following statement in a company’s annual report? “These consolidated financial statements are the responsibility of the company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.”

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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