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Describes relationship between the shareholders of a company

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Reference no: EM132676296

Problem 1: Which of the following describes the relationship between the shareholders of a company and their auditors? (Several choices may be correct.)

1. Audit report is addressed to the shareholders
2. Shareholders typically have a fair amount of communication with the auditor throughout the audit
3. Shareholders are responsible to appoint the auditor
4. Shareholders usually provide the auditor with the financial information the auditor requires
5. Shareholders will never have any contact with the external auditors

Reference no: EM132676296

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