Independence and code of professional conduct

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Reference no: EM13148417

The following questions concern independence and the Code of Professional Conduct or GAAS. Choose the best response.

The independent audit is important to readers of financial statements because it

1) Determines the future stewardship of the management of the company whose financial statements are audited.

2) Measures and communicates financial and business data included in financial statements

3) Involves the objective examination of and reporting on management-prepared statements

4) Reports on the accuracy of all information in the financial statements

Reference no: EM13148417

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