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Assessments of the financial condition of a company

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1. Balance sheets and income statements are supposed to be objective assessments of the financial condition of a company. But the accounting scandals of the last few years show that certain pressures may be put on accountants as they audit a company's financial statements. Describe these pressures. To what extent do these pressures make the audit more subjective? Ensure you use concepts and terminology from chapter #11 and the course so far

2. If you were planning to invest in a company, which of the 3 types of financial statements would you want to most see? Why? Ensure you use concepts and terminology from chapter #11 and the course so far.

Reference no: EM132351896

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