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A standard auditor's report contains reference toeach of the following:
a. Responsibility
b. Generally accepted auditing standards
c. Material misstatement and material respects
d. A testbasis
e. Present fairly...in conformity with generally acceptedaccounting principles
Required: Explain why each of these terms is important for understanding the auditors' report and the process.
what does the term account mean? what are the different classifications of accounts? how do the rules for debits and
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