Understanding the auditors report and the process

Assignment Help Accounting Basics

Reference no: EM13257633

A standard auditor's report contains reference to each 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.

Reference no: EM13257633

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