Users of financial statements demand independent audit because a. Users demand assurance that fraud does not exist. b. Management may not be objective in reporting. c. Users expect auditors to correct management errors. d. Management relies on the auditor to improve internal control.

Question

Users of financial statements demand independent audit because a. Users demand assurance that fraud does not exist. b. Management may not be objective in reporting. c. Users expect auditors to correct management errors. d. Management relies on the auditor to improve internal control.

Users of financial statements demand
independent audit because
a. Users demand assurance that fraud does
not exist.
b. Management may not be objective in
reporting.
c. Users expect auditors to correct
management errors.
d. Management relies on the auditor to
improve internal control.

asked Oct 31, 2021 by shubhhw

1 Answer

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Last Answer : Tour the client's facilities and review the general records

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shubhhw · Answer 1 · 2021-10-31T18:12:05+0000

Answer :

Management may not be objective in
reporting

answered Oct 31, 2021 by shubhhw

Users of financial statements demand independent audit because a. Users demand assurance that fraud does not exist. b. Management may not be objective in reporting. c. Users expect auditors to correct management errors. d. Management relies on the auditor to improve internal control.

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