A financial statement audit is designed to Provide assurance on internal control and to identify...
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Accounting
A financial statement audit is designed to
Provide assurance on internal control and to identify significant deficiencies and material weaknesses.
Obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to fraud or error.
Detect error or fraud in the financial statements, regardless of whether or not the error or fraud is material.
Obtain absolute assurance on the financial statements and express an opinion on the financial statements.
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