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A greater comfort level with respect to the conformity

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Reference no: EM13866096

In Europe, the audit reports use the expression true and fair view to characterize the results of the audit. Do you think there is a meaningful difference between that language and the present fairly statement made in U.S. audit reports? As a user of the financial statements in each instance, does one expression more than the other give you a greater comfort level with respect to the conformity of the financial statements with generally accepted accounting principles? Why or why not?

Reference no: EM13866096

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