What do we mean by remoteness in the context of the demand for audit services?...
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What do we mean by remoteness in the context of the demand for audit services? Motivation to provide biased disclosures to distort perceptions of the business and to maximize one's own compensation. Evaluation of financial statements and related disclosures requires significant knowledge and experience. Financial statement information plays an important role in decisionmaking and independent verification can improve its representational faithfulness and usefulness. 
What do we mean by remoteness in the context of the demand for audit services?
Motivation to provide biased disclosures to distort perceptions of the business and to maximize one's own compensation.
Evaluation of financial statements and related disclosures requires significant knowledge and experience.
Financial statement information plays an important role in decisionmaking and independent verification can improve its representational faithfulness and usefulness.
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